Hong Kong Gov't issues 2.4m tax returns

Reductions from the amended Inland Revenue would reflect in their tax returns.

Hong Kong's Inland Revenue Department sent out 2.4 million tax returns for taxpayers to file by 2 June.

Sole proprietors of unincorporated businesses have until 2 August to file their taxes.

Those who would file their eTAX would have a one-month extension and can log in anytime to keep records for any tax deductions, such as approved charitable donations, that could be eventually pre-filled by the system automatically. 

They could also submit up to five files totalling 200MB for their online application on amending tax assessments or provisional tax.

READ MORE: Proposed tax concessions get approval

Corporations and businesses could also file their profits tax returns with supporting documents through eTAX.

The city's Inland Revenue (Amendment) (Child Allowance and Tax Concessions) Bill 2023 reduced the profit tax, salaries tax, and tax under personal assessment for 2022-2023 by 100%, subject to a ceiling of $6,000 per case.

Tam Tai-pang, the department's Commissioner, said taxpayers only need to complete their tax returns as usual, and the reduction would reflect in their assessments accordingly.

Tam added that they should also complete Part 8 of their tax return for their tax cut on domestic rent.