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News Archives (started from April 2021)

News Archives (started from April 2021)

Title Date
Preliminary Edition of the IRD Taxonomy Package

The Inland Revenue Department (IRD) has been actively developing the IRD Taxonomy Package to facilitate Hong Kong businesses to tag financial statements and tax computations for generating iXBRL data files in support of voluntary e-filing of their Profits Tax returns through the IRD’s eTAX Portal as from April 2023. As part of the consultation, a preliminary edition of the IRD Taxonomy Package has been uploaded onto the IRD’s website for reference. Please refer to the details available at www.ird.gov.hk/eng/tax/bus_ixbrl.htm.

31.03.2022
Suspension of Service for Filing of Tax Return - Individuals through eTAX  30.03.2022
Inland Revenue Department Notice: Pay promptly as second instalment is falling due Inland Revenue Department Notice: Pay promptly as second instalment is falling due 29.03.2022
List of Qualifying Debt Instruments (as at 31 December 2021)  24.03.2022
Circular Letter to Tax Representatives – Block Extension Scheme for Lodgement of 2021/22 Tax Returns Circular Letter to Tax Representatives – Block Extension Scheme for Lodgement of 2021/22 Tax Returns 18.03.2022
Country-by-Country Reporting - Notification Deadline  18.03.2022
Stamp Duty statistics (February 2022) 

Stamp Duty statistics (SSD / BSD / DSD) have been uploaded to the Department’s website.

09.03.2022
Circular Letter to Tax Representatives – Block Extension Scheme for Lodgement of 2020/21 Tax Returns [Extended Due Date for ‘M’ Code Returns for Loss Cases] Circular Letter to Tax Representatives – Block Extension Scheme for Lodgement of 2020/21 Tax Returns [Extended Due Date for ‘M’ Code Returns for Loss Cases] 04.03.2022
Gazettal of Rating (Exemption) Order 2022 and Revenue (Reduction of Business Registration Fees and Branch Registration Fees) Order 2022  02.03.2022
Gazettal of Revenue (Tax Concessions) Bill 2022   02.03.2022
Suspension of Service for Filing of Tax Return - Individuals through eTAX  28.02.2022
Latest arrangements of public services for Business Registration Office of Inland Revenue Department  25.02.2022
Tax measures proposed in 2022-23 Budget   23.02.2022
2022-23 Budget – Tax Measures  23.02.2022
Circular Letter to Tax Representatives – Block Extension Scheme for Lodgement of 2020/21 Tax Returns [Further Extended Due Date for ‘M’ Code Returns for Loss Cases] Circular Letter to Tax Representatives – Block Extension Scheme for Lodgement of 2020/21 Tax Returns [Further Extended Due Date for ‘M’ Code Returns for Loss Cases] 22.02.2022
LCQ17: Promoting popularisation of electric vehicles  16.02.2022
Latest arrangements of public services for Business Registration Office of Inland Revenue Department  15.02.2022
Stamp Duty statistics (January 2022) 

Stamp Duty statistics (SSD / BSD / DSD) have been uploaded to the Department’s website.

14.02.2022
Assessor of Inland Revenue Department tests preliminarily positive for COVID-19  13.02.2022
Clerical Assistant of Inland Revenue Department tests preliminarily positive for COVID-19  09.02.2022
Latest arrangements for Inland Revenue Department's public services  03.02.2022
Acting Senior Taxation Officer of Inland Revenue Department preliminarily tested positive for COVID-19  30.01.2022
Person who visited fourth floor of Revenue Tower in Wan Chai tested positive for COVID-19  27.01.2022
Latest arrangements for Inland Revenue Department's public services  24.01.2022
Person who visited first floor of Revenue Tower in Wan Chai tested preliminary positive for COVID-19   19.01.2022
Circular Letter to Tax Representatives – Block Extension Scheme for Lodgement of 2020/21 Tax Returns [Extended Due Date for ‘M’ Code Returns for Loss Cases]  Circular Letter to Tax Representatives – Block Extension Scheme for Lodgement of 2020/21 Tax Returns [Extended Due Date for ‘M’ Code Returns for Loss Cases] 14.01.2022
Stamp Duty statistics (December 2021) 

Stamp Duty statistics (SSD / BSD / DSD) have been uploaded to the Department’s website.

11.01.2022
Change of Postal Address of Employer Change of Postal Address of Employer 06.01.2022
Stock Borrowing Relief – Filing of Return of Stock Borrowing Transactions Stock Borrowing Relief – Filing of Return of Stock Borrowing Transactions 03.01.2022
Annual Report 2020-21  30.12.2021
Inland Revenue Department Notice : Pay promptly as tax is falling due Inland Revenue Department Notice : Pay promptly as tax is falling due 29.12.2021
Jail and suspended sentence for couple convicted of falsely claiming deductions for expenses of self-education and approved charitable donations 13.12.2021
Stamp Duty statistics (November 2021) 

Stamp Duty statistics (SSD / BSD / DSD) have been uploaded to the Department’s website.

09.12.2021
Newly published Advance Ruling Case No.67  08.12.2021
List of Qualifying Debt Instruments (as at 30 September 2021)  24.11.2021
Couple convicted of falsely claiming deductions of expenses of self-education and approved charitable donations   22.11.2021
Stamp Duty statistics (October 2021) 

Stamp Duty statistics (SSD / BSD / DSD) have been uploaded to the Department’s website.

09.11.2021
Arrangements relating to Application for Business Registration Documents  25.10.2021

Stamp Duty statistics (September 2021)

Stamp Duty statistics (SSD / BSD / DSD) have been uploaded to the Department’s website.

12.10.2021
Notify Inland Revenue Department promptly of change of address Tax Guide for Charitable Institutions and Trusts of a Public Character 07.10.2021
HKSAR Government responds to inclusion of Hong Kong in EU's watchlist on tax co-operation 05.10.2021
Government welcomes passage of Securities and Futures (Amendment) Bill 2021 and Limited Partnership Fund and Business Registration Legislation (Amendment) Bill 2021  30.09.2021
LCQ13: Hong Kong Club  29.09.2021
LCQ11: Shenzhen-Hong Kong Innovation and Technology Co-operation Zone   15.09.2021
Tax Guide for Charitable Institutions and Trusts of a Public Character Tax Guide for Charitable Institutions and Trusts of a Public Character

The Tax Guide for Charitable Institutions and Trusts of a Public Character has been updated to make it clear that a charity must not engage in or support any acts or activities which are unlawful or contrary to the interests of national security.  The Department will pay due regard to the compliance with this requirement in determining whether an organisation should be recognised as a charity exempt from tax under section 88 of the Inland Revenue Ordinance.

13.09.2021
Stamp Duty statistics (August 2021) 

Stamp Duty statistics (SSD / BSD / DSD) have been uploaded to the Department’s website.

09.09.2021
LCQ21: Data relating to housing  08.09.2021
List of Qualifying Debt Instruments (as at 30 June 2021)  19.08.2021
LCQ17: Double taxation relief for income from international operation of ships   18.08.2021
Stamp Duty statistics (July 2021) 

Stamp Duty statistics (SSD / BSD / DSD) have been uploaded to the Department’s website.

10.08.2021
Automatic Exchange of Financial Account Information - Self-certification

“Self-Certification Form – Controlling Person” and “Meaning of the terms and expressions used in Self-Certification Forms” updated

09.08.2021
Tax Issues arising from the COVID-19 Pandemic

A webpage has been set up to explain the Department’s approach in handling tax issues arising from the COVID-19 Pandemic. You may click here to visit the webpage.

29.07.2021
LCQ18: Voluntary Health Insurance Scheme and health expenditures  21.07.2021
Internet business

Persons who carry on businesses through the internet are required to comply with the business registration requirements. Please visit our website www.ird.gov.hk/eng/tax/bre_ib.htm for details.

19.07.2021
HKMA releases guideline on fund certification for carried interest tax concession  16.07.2021
LCQ4: Registration of business by online auction platform users 14.07.2021
LCQ15: Tax-exempt charities 14.07.2021
LCQ14: Latest developments in international tax landscape 14.07.2021
Stamp Duty statistics (June 2021) 

Stamp Duty statistics (SSD / BSD / DSD) have been uploaded to the Department’s website.

12.07.2021
Tax Obligations of Taxpayers and Employers Tax Obligations of Taxpayers and Employers 08.07.2021
Taxpayer jailed for false claims for dependent parent allowances  07.07.2021
Stock Borrowing Relief – Filing of Return of Stock Borrowing Transactions Stock Borrowing Relief – Filing of Return of Stock Borrowing Transactions 02.07.2021
Annual Report on Performance Pledge 2020-21  30.06.2021
Fraudulent email purportedly issued by Inland Revenue Department  22.06.2021
Inland Revenue Department waives surcharges for payment of tax by instalments for businesses and individuals in need   18.06.2021
Hong Kong-Georgia tax treaty in force   18.06.2021
Tax obligations of property owners Tax obligations of property owners 17.06.2021
Revenue (Stamp Duty) Ordinance 2021 gazetted   11.06.2021
Stamp Duty statistics (May 2021) 

Stamp Duty statistics (SSD / BSD / DSD) have been uploaded to the Department’s website.

09.06.2021
Tax information on stamp duty - inadequate consideration has been updated  08.06.2021
Interest on Tax Reserve Certificates  04.06.2021
Government welcomes passage of Inland Revenue (Amendment) (Miscellaneous Provisions) Bill 2021  02.06.2021
LCQ5: Re-industrialisation in Hong Kong   02.06.2021
Online Appointment Booking for Stamp Office Lease Counter Service Online Appointment Booking for Stamp Office Lease Counter Service 28.05.2021
LCQ10: Profits tax   26.05.2021
Enhanced Employer’s Application Services – e-Application for Preparation of IR56 Form(s) by Using Employer’s Self-developed Software  14.05.2021
Tax Obligations of Taxpayers and Employers Tax Obligations of Taxpayers and Employers 13.05.2021
LCQ9: Pursuing development in the Mainland cities of the Guangdong-Hong Kong-Macao Greater Bay Area   12.05.2021
Stamp Duty statistics (April 2021) 

Stamp Duty statistics (SSD / BSD / DSD) have been uploaded to the Department’s website.

11.05.2021
List of Qualifying Debt Instruments (as at 31 March 2021)  11.05.2021
File Your Tax Return on Time  File Your Tax Return on Time 06.05.2021
IRD issues over 2.6 million tax returns for individuals   03.05.2021
Interest on Tax Reserve Certificates  30.04.2021
Government welcomes passage of Inland Revenue (Amendment) (Tax Concessions for Carried Interest) Bill 2021   28.04.2021
Government welcomes passage of tax concessions   28.04.2021
LCQ3: Revenues from stamp duties and land premiums   28.04.2021
New real time interactive service - Chatbot "Iris"  27.04.2021
Employer’s Return of Remuneration and Pensions Employer’s Return of Remuneration and Pensions 15.04.2021
Stamp Duty statistics (March 2021) 

Stamp Duty statistics (SSD / BSD / DSD) have been uploaded to the Department’s website.

14.04.2021
Tax Representatives’ Corner  01.04.2021
Electronic Filing of Profits Tax Return

Corporations and partnerships satisfying the conditions specified by the Commissioner of Inland Revenue can file their Profits Tax Returns for any year of assessment from 2015/16 to 2020/21 and attach supplementary forms to Profits Tax Return S1, S2, S3 and S4 electronically under eTAX. Please visit our website www.ird.gov.hk/eng/tax/bus_epf.htm for details.

01.04.2021
IRD issues profits tax, property tax and employer's returns for 2020-21   01.04.2021
Interest on Tax Reserve Certificates  01.04.2021