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First-time
Taxpayer: Please click here.
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Taxpayer
previously assessed as not liable to tax (Review Case)
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If you had been assessed as
not liable to tax in the past, the IRD may not issue returns
to you annually. However, you are still required to notify
the IRD in writing when you have become liable to tax within
4 months after the end of the basis period for the year of
assessment concerned, giving your identity card number, file
number, postal address and daytime contact telephone number.
You may use the following notification form:
IR6167 for Salaries Tax,
IR6168 for Profits Tax, or
IR6129 for Property Tax.
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Issue of Advice Letters to review tax liabilities: |
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To simplify the reviewing
process for certain cases, the IRD issues tax returns by first
sending Advice Letters (IRC6106)
together with information leaflets (IR1397)
to individuals. If the recipient satisfies any one of the
conditions stated in the Advice Letter for the year of assessment
specified in the Letter, he is required to complete the lower
portion ("Request for Tax Return - Individuals")
and return the Letter to the IRD. A Tax Return - Individuals
(BIR60) for the specified year will then be sent for his completion.
Otherwise, no reply to the Letter is required. The information
leaflet enclosed provides general tax information relating
to taxpayers' obligation to notify chargeability for easy
reference, Taxpayers may also make use of the notification
form at the end of the leaflet to inform chargeability for
other years.
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Taxpayer
who has received a tax return and has a new source of income
In May each year, the IRD will issue Tax
Return - Individuals (BIR60) to individual taxpayers
known to be liable to tax. The return is for an individual
to report his employment income, rental income from solely
owned property and profits from sole proprietorship business
and to elect for Personal Assessment. Thus if you have received
a tax return, you may declare your new source of income/profits
from employment, solely owned property or sole proprietorship
business in the appropriate part of the tax return.
For further information on how to complete
a tax return, you may refer to Completion
and Filing of Tax Return - Individuals.
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Joint-owner
or co-owner of property When a joint-owned or co-owned property is
let out, the owners must inform the IRD in writing that the
property has been let out notwithstanding the tax positions
of the individual owners. One notification only is required
for each property. The owners may use the Form
IR6129 for notification.
A separate property tax return (BIR57 or
58) in respect of that particular property will be issued
by the IRD.
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Notes
to property owners
If you are a property owner and have let out your property,
please note that the stamping of tenancy agreement or completion
of questionnaire from the Rating and Valuation Department
does not constitute a notification of chargeability. You are
still required to give a written notice to the IRD and may
use the Form
IR6129
for notification purpose.
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(B)
Partnerships and Corporations
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Newly registered business: please click
here.
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Continuing business: please click
here.
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Business not required to submit return annually:
please click here.
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It is important
to note that if a business commences or recommences to earn
assessable profits (before the set-off of any loss brought
forward), the business must inform the IRD in writing within
4 months after the end of the basis period (the accounting
period) for that year of assessment.
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Penal
Actions for Non-compliance
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with the requirement to notify chargeability might be prosecuted
under section 80(2) or subject to Additional Tax under section
82A of the Ordinance. For details, please refer to Penalty
Policy.
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Completion
and Submission of Tax Return when received
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When you have received a
tax return, you are required to complete and file the return
within the time limit stipulated in the return even if you
may not be liable to tax for that year. Failure to do so may
be subject to estimated assessments/penal actions. |
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