Individual Tax Returns for 2007/08 have been issued on 2 May 2008.
Taxpayers are required to complete and send the tax return back to
Inland Revenue Department (IRD) within 1 month from the date of issue
of the return (i.e. on or before 2 June 2008). For sole-proprietors
of unincorporated businesses, the deadline for submission is extended
to 2 August 2008. An extension of 1 month will be given automatically
if the return is filed electronically.
Filing your tax return on time, be a compliant
taxpayer
If you file your Individual Tax Return on time, the
information provided in your tax return will assist the Assessor
to prepare your assessment correctly and your claims for deductions
for tax allowances, approved charitable donations and home loan
interest etc. will be duly taken into account.
Taxpayers who have earned no income or of an amount
below their allowance entitlements do not have to pay tax. Nonetheless,
should they receive a tax return from this Department, they are
still required to complete and send it back to this Department in
time.
Consequences of NOT filing your tax return on
time
If you do not file your tax return on time, you may
be required to pay a penalty, or even prosecuted. A further possible
consequence is that you may be required to pay more tax. This is
because without your furnishing the relevant details, the Assessor
will issue an estimated assessment and demand for tax without granting
your allowance entitlements and deductions in respect of contributions
to Mandatory Provident Funds, approved charitable donations, expenses
of self-education and home loan interest etc.
Non-receipt of tax return
If you receive a tax return every year in the past
but have not received the Individual Tax Return for this year, please
call 187 8022 to check whether a tax return for 2007/08 has been
issued to you. Alternatively, you may get a duplicate tax return
by calling at the Enquiry Service Centre at 1/F, Revenue Tower,
5 Gloucester Road, Wan Chai, Hong Kong during office
hours. If you have possessed an eTAX Password, you may check
whether there is any tax return that you have not yet filed under
the Tax Position Section of your eTAX Account any time round
the clock.
If you wish to notify a
change of correspondence address, please inform your new
address via your eTAX Account (by using your eTAX Password or digital
certificate) or write to our Department as soon as possible.
How to complete the tax return
If you have any enquiry concerning the completion
of the Individual Tax Return, you may call 187 8022 or see how to
complete B.I.R.60.
| N. B. : |
The law requires both the employer
and the employee to separately report income to the IRD. Therefore,
it is not an acceptable excuse that you do not file your tax
return on time because your employer has already reported your
income to IRD. Failure by any person to report his/her correct
income may result in the omission of income without reasonable
excuse, an act liable to heavy penalty. |
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