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  • Mainland and HKSAR sign Fifth Protocol to Arrangement for Avoidance of Double Taxation (with photos)  
    (Press Release - July 19, 2019)
     
  • DIPNs 58, 59 and 60

    DIPN 58 – Transfer Pricing Documentation and Country-by-Country Reports DIPN 58 
    DIPN 59 – Transfer Pricing Between Associated Persons DIPN 59 
    DIPN 60 – Attribution of Profits to Permanent Establishments in Hong Kong DIPN 60 

    The Inland Revenue (Amendment) (No. 6) Ordinance 2018 has codified the transfer pricing rules and documentation requirements. Departmental Interpretation and Practice Notes Nos. 58, 59 and 60 have been issued to set out the Department’s interpretation and practice on the relevant rules and requirements, and the latest international standards relating to transfer pricing.

    Transactions between associated persons or non-Hong Kong resident persons’ permanent establishments in Hong Kong, to which the transfer pricing-related provisions in the Inland Revenue (Amendment) (No. 6) Ordinance 2018 do not apply, should be dealt with in accordance with Departmental Interpretation and Practice Notes Nos. 45 and 46.

    (July 19, 2019)
     
  • DIPN 28 (Revised) – Profits Tax: Deduction of Foreign Taxes DIPN 28 (Revised) – Profits Tax: Deduction of Foreign Taxes

    Departmental Interpretation and Practice Notes No. 28 has been updated to set out the Department’s interpretation and practice on the provisions relating to foreign tax deduction after the enactment of the Inland Revenue (Amendment) (No. 6) Ordinance 2018.

    (July 19, 2019)
     
  • Stamp Duty statistics (June 2019) 

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

    (July 10, 2019)
     
  • Tax Obligations of Taxpayers and Employers Tax Obligations of Taxpayers and Employers
    (July 4, 2019)
     
  • Expansion of e-Stamping services to cover instruments related to stock transactions  
    (Press Release - July 3, 2019)
     
  • Stock Borrowing Relief – Filing of Return of Stock Borrowing Transactions Stock Borrowing Relief – Filing of Return of Stock Borrowing Transactions
    (July 2, 2019)
     
  • Filing tips for 2018/19 Profits Tax Returns [BIR51 & BIR52] 
    (July 2, 2019)
     
  • Hong Kong and Cambodia enter into tax pact 
    (Press Release - June 26, 2019)
     
  • Tax obligations of property owners Tax obligations of property owners
    (June 13, 2019)
     
  • Stamp Duty statistics (May 2019) 

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

    (June 11, 2019)
     
  • Performance Pledge Annual Report 2018-19 

    The Inland Revenue Department has achieved all the targets, and exceeded many, in its performance pledges in 2018-19.  The Performance Pledge Annual Report 2018-19 has been uploaded to the Department’s website.

    (June 6, 2019)
     
  • Community service order for taxpayer convicted of false claims for additional dependent parent allowance  
    (Press Release - June 4, 2019)
     
  • DIPN 23 (Revised) DIPN 23 (Revised)

    The Departmental Interpretation and Practice Notes No. 23 (Revised) (“Recognized Retirement Schemes”) has been updated to reflect changes brought about by various legislative amendments concerning MPF schemes; and set out the Department’s revised assessing practice relating to defined benefit schemes.

    (May 31, 2019)
     
  • Business Registration Notice Business Registration Notice
    (May 28, 2019)
     
  • Tax Obligations of Taxpayers and Employers Tax Obligations of Taxpayers and Employers
    (May 16, 2019)
     
  • Taxpayer convicted of false claims for additional dependent parent allowance  
    (Press Release - May 14, 2019)
     
  • Stamp Duty statistics (April 2019) 

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

    (May 10, 2019)
     
  • List of Qualifying Debt Instruments (as at 31 March 2019) 
    (May 9, 2019)
     
  • File Your Tax Return on Time File Your Tax Return on Time
    (May 9, 2019)
     
  • DIPN 56 & DIPN 57

    Starting from the year of assessment 2019/20, taxpayers can claim deduction for (a) qualifying premiums paid under Voluntary Health Insurance Scheme (VHIS) policies; and (b) qualifying annuity premiums paid under qualifying deferred annuity policies and tax deductible MPF voluntary contributions (TVC) paid.  The following two Departmental Interpretation and Practice Notes are issued today to explain the conditions for deduction of the premiums/ contributions paid and the Department’s interpretation and practices on the provisions relating to the new concessionary deductions:

    (1) Departmental Interpretation and Practice Notes No. 56 DIPN 53 - Concessionary Deductions: Sections 26H to 26M Health Insurance Premiums; and

    (2) Departmental Interpretation and Practice Notes No. 57 DIPN 53 - Concessionary Deductions: Sections 26N to 26U Annuity Premiums and MPF Voluntary Contributions.

    (May 7, 2019)
     
  • Over 2.6 million tax returns issued for individuals  
    (Press Release - May 2, 2019)
     
  • Press Conference 2 May 2019 - The Gist of CIR's Speech and Major Statistics Press Conference 2 May 2019 - The Gist of CIR's Speech and Major Statistics
    (May 2, 2019)
     
  • DIPN 5 (Revised) & DIPN 55

    Starting from the year of assessment 2018/19, capital expenditure incurred for procuring environmental protection installation is deducted in full in one year instead of over five years. The Departmental Interpretation and Practice Notes No. 5 (Revised) DIPN 53 has been updated to set out the Department’s interpretation and practice on the provisions relating to the accelerated tax deduction. The part relating to tax deduction for research and development (“R&D”) expenditure is covered in the Departmental Interpretation and Practice Notes No. 55. 

    Taxpayers can claim enhanced tax deduction for R&D expenditure incurred on or after 1 April 2018 in respect of qualifying R&D activities. The Departmental Interpretation and Practice Notes No. 55 DIPN 53 explains how a taxpayer can be entitled to the 100% tax deduction or enhanced tax deduction for R&D expenditure.

    (April 11, 2019)
     
  • Employer’s Return of Remuneration and Pensions Employer’s Return of Remuneration and Pensions
    (April 11, 2019)
     
  • Stamp Duty statistics (March 2019) 

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

    (April 10, 2019)
     
  • SFST's speech on public finance at LegCo Finance Committee special meeting  
    (Press Release - April 9, 2019)
     
  • SFST's speech on financial services at LegCo Finance Committee special meeting  
    (Press Release - April 9, 2019)
     
  • LCQ20: Regulation of virtual asset investment activities 
    (Press Release - April 3, 2019)
     
  • IRD issues tax returns for 2018-19  
    (Press Release - April 1, 2019)