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Publications and Press Releases :
Press Release
: News Archives
New design for tax demand notes
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The Inland Revenue Department (IRD)
has adopted a new design for the salaries tax and personal assessment
demand notes.
An IRD spokesman said the new design, which came into effect this
month (July), provided taxpayers with more information and made
the tax demand notes more comprehensible.
Major improvements on the demand notes are:
Brief description of the basis of assessment
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The basis of assessment is stated. A taxpayer will know at a glance
whether the assessment is based on the tax return filed or whether
it is an estimated assessment. For an estimated assessment, made
in the absence of a tax return, the taxpayer is also reminded to
file a timely objection against the assessment and submit a tax
return.
Important details on the first page
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Clearly shown on the first page are important details such as the
total amount of tax payable and the amounts payable under in first
and second instalments. The due date and dates of the instalments
are printed in red. The time limit for lodging a notice of objection
and the deadline for applying holdover of provisional tax are also
shown.
Clearer tax computation
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The tax computation on page two shows clearly in a vertical format
the income, deductions, allowances and amount of tax assessed for
the final and provisional assessments. It also shows whether the
tax is calculated at the progressive rates or at standard rate.
As only items that are relevant to the taxpayer are included, the
computation is easier to follow.
Improved standard Assessor's Notes
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Assessor's Notes are printed below the tax computation for taxpayer's
easy reference. More than 200 standard Assessor's Notes have been
rewritten. They are now more user-friendly and comprehensible.
A specimen of the new demand note is now available on the IRD homepage.
Please visit the homepage (www.ird.gov.hk)
for more details. For easy retention of records, assessment details
and payment voucher are printed on separate pages. Taxpayers making
payment should only detach the relevant payment voucher for the
1st or 2nd instalment. There is no need to enclose the whole set
of demand notes.
Ends/Friday, July 15, 2005
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