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News Archives (started from April 2012)

News Archives (started from April 2012)
Title Date
Circular Letter to Tax Representatives - Block Extension Scheme for Lodgement of 2012/13 Tax Returns 28.03.2013
IRD Notice: Second instalment is falling due Tender payment promptly to aviod penalty IRD Notice: Second instalment is falling due Tender payment promptly to aviod penalty 27.03.2013
Inland Revenue Department Notice - Business Registration Inland Revenue Department Notice - Business Registration 18.03.2013
The Agreement between the Government of the Hong Kong Special Administrative Region of the People's Republic of China and the Government of the United Mexican States for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income has come into effect on 7 March 2013 08.03.2013
HK, Mexico tax treaty in force 08.03.2013
Tax measures proposed in 2013-14 Budget 27.02.2013
2013-14 Budget - Tax Measures 27.02.2013
Further measures to address the overheated property market announced on 22 February 2013 22.02.2013
Company director jailed for nine months for tax evasion 04.02.2013
Hong Kong and Italy sign tax treaty (with photos) 14.01.2013
LegCo: Speech by SFST in moving the Second Reading of the Inland Revenue and Stamp Duty Legislation (Alternative Bond Schemes) (Amendment) Bill 2012 09.01.2013
Stock Borrowing Relief - Filing of Return of Stock Borrowing Transactions Stock Borrowing Relief - filing of Return of Stock Borrowing Transactions 02.01.2013
Inland Revenue and Stamp Duty Legislation (Alternative Bond Schemes) (Amendment) Bill 2012 gazetted today 28.12.2012
Stamp Duty (Amendment) Bill 2012 to be gazetted tomorrow 27.12.2012
Branch remittance tax in France exempted under the agreement for the avoidance of double taxation between Hong Kong and France 27.12.2012
IRD Notice: Tax is falling due   Tender payment promptly to avoid penaltyTax is falling due Tender payment promptly to aviod penalty 27.12.2012
Statement by the Transport and Housing Bureau on a meeting with REDA 21.12.2012
Suspension of eTAX services 19.12.2012
LCQ4: Charitable bodies operating private hospitals 12.12.2012
LCQ20: Buyer's Stamp Duty 28.11.2012
Newly published Advance Ruling Case 26.11.2012
LCQ4: Further measures to address overheated property market 14.11.2012
LCQ19: Stamp Duty Ordinance 14.11.2012
Hong Kong, Canada sign tax pact (with photos) 11.11.2012
Starting from 12 November 2012, duplicate Business/Branch Registration Certificates requested via the website of GovHK will be issued in the form of electronic record. Please refer to the FAQ for further details. 09.11.2012
LCQ3: Assistance to facilitate the development of Hong Kong enterprises 07.11.2012
The Agreement between the Government of the Hong Kong Special Administrative Region of the People's Republic of China and the Swiss Federal Council for the Avoidance of Double Taxation with respect to Taxes on Income has come into effect on 15 October 2012 07.11.2012
HK, Switzerland tax treaty in force 07.11.2012
LCQ15: Inland Revenue Ordinance Section 39E 31.10.2012
Government's response to press enquiries on Buyer's Stamp Duty 30.10.2012
Government releases consultation conclusions for tax law amendments for Islamic bonds 29.10.2012
Further measures to address overheated property market 26.10.2012
Buyer's Stamp Duty (BSD) 26.10.2012
Special Stamp Duty (SSD) 26.10.2012
Two orders on avoidance of double taxation agreements gazetted 19.10.2012
LCQ20: Development of Hong Kong as a fund management centre in Asia 17.10.2012
Notify IRD promptly of change of address Notify IRD promptly of change of address 04.10.2012
Annual Report 2011-12 27.09.2012
Newly published Advance Ruling Case 20.08.2012
Tax payment made easier with new channel - payment at convenience stores 01.08.2012
Government bill payment network to cover more than 1,000 convenience stores 31.07.2012
The Agreement between the Government of the Hong Kong Special Administrative Region of the People's Republic of China and the Government of Malta for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income has come into effect on 18 July 2012 30.07.2012
Hong Kong, Malta tax treaty in force 30.07.2012
Business Registration Office resumes services 24.07.2012
Business Registration Office services suspended 23.07.2012
Updated list of recognized stock exchanges outside Hong Kong 18.07.2012
DIPN 5 (Revised) DIPN 5(Revised)

Inland Revenue (Amendment) (No. 3) Ordinance 2011 was enacted in December 2011. DIPN No. 49 was issued on 10 July 2012. Part (C) of DIPN No. 5 ("Profits tax deductions for expenditure on Patent rights, etc.") is updated to include a note for making reference (see paragraph 29) to DIPN No. 49 in relation to the amended section 16E of the Inland Revenue Ordinance.
10.07.2012
DIPN 21 (Revised) DIPN 21(Revised)

Inland Revenue (Amendment) (No. 3) Ordinance 2011 was enacted in December 2011. DIPN No. 49 was issued on 10 July 2012. Paragraph 45(g) of DIPN No. 21 ("Locality of profits") is updated to include a note for making reference to DIPN No. 49 in relation to the taxation of royalties derived from licensing of intellectual property rights.
10.07.2012
DIPN 49 DIPN 49

Inland Revenue (Amendment) (No. 3) Ordinance 2011 was enacted and came into operation on 16 December 2011. DIPN No. 49 was issued on 10 July 2012 setting out the Department's interpretation and practices in relation to profits tax deduction of capital expenditure on relevant intellectual property rights (i.e. patent rights, rights to any know-how, copyrights, registered designs and registered trade marks) and taxation of royalties derived from licensing of intellectual property rights.
10.07.2012
Various tax obligations of the employers and taxpayers Various tax obligations of the employers and taxpayers 05.07.2012
Stamping Circular No. 03/2012: Stock Borrowing Relief – Filing of Return of Stock Borrowing Transactions Stamping Circular No. 03/2012 04.07.2012
Performance Pledge Annual Report 2011/12

The Inland Revenue Department has achieved all the targets, and exceeded many, in its performance pledges in 2011/12. Starting from 1 April 2012, the Department has also enhanced the performance target of issuing stamp certificates for e-stamping of assignments, sale and purchase agreements and lease agreements through GovHK with the target of 98% raised to 99%.

The Performance Pledge Annual Report 2011/12 is offered in Adobe PDF (Portable Document Format) File. PDF file can be opened by Adobe Acrobat Reader which is available at the Adobe Systems Incorporated. Hard copies of the report can be collected on the ground and first floors of Revenue Tower and the public enquiry service centers of district offices.
21.06.2012
Hong Kong, Mexico sign tax pact (with photo) 19.06.2012
Property Tax - Obligations of Property Owners Property Tax - Obligations of Property Owners 14.06.2012
DIPN 20 (Revised) DIPN 20

The Securities and Futures Ordinance was enacted in 2003. The Departmental Interpretation and Practice Notes No. 20 (“Mutual Funds, Unit Trusts and Similar Investment Schemes”) is revised to reflect amendments to section 26A(1A) of the Inland Revenue Ordinance consequential to that enactment.
13.06.2012
Seminar on Mainland's new tax policy in eliminating double taxation (with photo) 11.06.2012
Inland Revenue Department Notice - Business Registration Inland Revenue Department Notice - Business Registration 06.06.2012
The Agreement between the Hong Kong Special Administrative Region of the People's Republic of China and the Portuguese Republic for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income has come into effect on 3 June 2012 04.06.2012
HK, Portugal tax treaty in force 04.06.2012
LCQ15: Combat tax evasion and tax avoidance 30.05.2012
Various tax obligations of the employers and taxpayers Various tax obligations of the employers and taxpayers 24.05.2012
Newly published Advance Ruling Case 21.05.2012
Three orders on avoidance of double taxation agreements gazetted 18.05.2012
The Li & Fung Case 18.05.2012
File Your Tax Return on time File Your Tax Return on time 07.05.2012
Green Employer Award
154 employers were awarded Green Employers by the IRD in appreciation of their support of the Department's e-services and a green environment.
03.05.2012
Over 2 million individual tax returns issued 02.05.2012
Press Conference 2 May 2012 - The Gist of CIR's Speech CIR's Speech 02.05.2012
Inland Revenue (Amendment) Bill 2012 gazetted 27.04.2012
Hong Kong signs tax treaty with Malaysia 25.04.2012
Waiver of Business Registration Fees for One Year (from 1 April 2012 to 31 March 2013) Waiver of Business Registration Fees for One Year 24.04.2012
Stamping Circular No. 02/2012: Stock Borrowing Relief – Registration of Stock Borrowing and Lending Agreement Stamping Circular No. 02/2012 23.04.2012
The Agreement between the Government of the Hong Kong Special Administrative Region of the People's Republic of China and the Government of the Republic of Indonesia for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income has come into effect on 28 March 2012 16.04.2012
HK, Indonesia tax treaty in force 16.04.2012
Purpose of levy 16.04.2012
Fee payable for business registration application not made on time 16.04.2012
HK, Spain tax treaty in force 13.04.2012
Japan exchanged Notes with the Hong Kong Special Administrative Region on 31 March 2012 05.04.2012
IRD issues tax returns for 2011-12 02.04.2012
New Service - Electronic Filing of Employer's Return

Starting from 2 April 2012, employers can file their Annual Employer's Returns BIR56A / IR56B and IR6036B / IR56M undereTAX through the Internet. Besides, employers can continue to file their Notifications IR56E/ IR56F/ IR56G under the same platform.
02.04.2012
Tax Representatives' Corner 01.04.2012