2000-01 Annual Report, Inland Revenue Department
(Text Only)

SCHEDULE 1


EARNINGS AND PROFITS TAX -
TAX ASSESSED AND COLLECTIONS FOR THE YEAR ENDED 31 MARCH 2001

 Content


Tax assessed and collections

Property Tax
(Dollars)

Salaries Tax
(Dollars)

Profits Tax -
(Corporations)
(Dollars)

Profits Tax -
(Unincorporated Businesses)
(Dollars)

Personal Assessment
(Dollars)

Total
(Dollars)

Tax assessed during the year - 1998-99 and earlier years

133,937,936

475,213,856

2,001,632,489

488,726,976

882,135,853

3,981,647,110

Tax assessed during the year - 1999-2000 Final Tax only

41,581,844

261,572,784

(1,311,428,666)

(3,736,936)

2,647,351,436

1,635,340,462

Tax assessed during the year - 2000-01 Provisional Payments and Final Tax

1,182,698,561

27,842,902,077

39,840,103,051

3,721,819,788

639,309

72,588,162,786

Total Tax Assessed

1,358,218,341

28,579,688,717

40,530,306,874

4,206,809,828

3,530,126,598

78,205,150,358

Add: Collectables - Tax outstanding as at 31 March 2000 b/f

272,056,482

5,969,889,025

15,921,191,703

1,991,066,661

478,051,636

24,632,255,507

Add: Collectables - Surcharge, Compound Penalty and Additional Tax imposed and Costs awarded by the Board of Review

15,004,340

242,673,270

417,406,528

350,516,000

15,211,227

1,040,811,365

Add: Collectables - Interest on Tax Heldover

5,590

1,908,377

34,362,584

3,271,168

267,851

39,815,570

Add: Collectables - Write-off re-opened

2,421,955

44,702,613

4,670,660

13,800,437

2,459,785

68,055,450

Total of Tax Assessed and Collectables (a)

1,647,706,708

34,838,862,002

56,907,938,349

6,565,464,094

4,026,117,097

103,986,088,250

Collections during the year - Net Tax collected

1,131,505,791

26,102,949,076

38,570,679,729

3,685,931,820

3,445,609,331

72,936,675,747

Collections during the year - (After allowing for refunds of tax)

97,454,921

1,178,779,111

3,273,661,908

173,244,237

304,873,671

5,028,013,848

Surcharge, Compound Penalty, Additional Tax and Costs awarded by the Board of Review

11,560,443

198,359,400

358,637,076

320,776,845

9,015,836

898,349,600

Interest on Tax Heldover

4,262

1,596,050

31,151,415

2,248,893

262,873

35,263,493

Total Net Collections (b)

1,143,070,496

26,302,904,526

38,960,468,220

4,008,957,558

3,454,888,040

73,870,288,840

Balance of Tax, Surcharge, etc. payable (a) - (b)

504,636,212

8,535,957,476

17,947,470,129

2,556,506,536

571,229,057

30,115,799,410

Less: Not collected by virtue of set-off

191,017,726

1,893,546,873

-

294,949,759

-

2,379,514,358

Less: Written-off as irrecoverable

7,455,924

138,884,205

255,331,709

46,298,007

8,396,237

456,366,082

Tax, Surcharge, etc. outstanding as at 31 March 2001 carried forward

306,162,562

6,503,526,398

17,692,138,420

2,215,258,770

562,832,820

27,279,918,970

Less: Under objection or appeal

20,439,678

616,808,545

9,174,472,789

638,950,319

145,094,109

10,595,765,440

Less: Listed for write-off but awaiting approval

155,173

1,956,593

41,894,443

1,263,167

404,996

45,674,372

Less: Assessed but not yet due

92,462,850

4,195,562,277

5,615,724,877

633,282,695

179,681,176

10,716,713,875

Net Tax, Surcharge, etc. in arrears as at 31 March 2001

193,104,861

1,689,198,983

2,860,046,311

941,762,589

237,652,539

5,921,765,283


Contents | Schedules | Schedule 1 | Schedule 2 | Schedule 3 | Schedule 4 | Schedule 5 | Schedule 6 | Schedule 7 | Schedule 8 | Schedule 9 | Schedule 10 | Schedule 11 | Schedule 12 | Schedule 13 | Schedule 14 | Schedule 15 | Schedule 16 | Schedule 17 |

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(Last updated/reviewed : February 18, 2002)