News Archives (started from April 2024)

News Archives (started from April 2024)

Title Date
The collection of Hotel Accommodation Tax will resume on 1 January 2025.  The Inland Revenue Department has updated the powerpoint for the briefing session held for the industry and the Frequently Asked Questions. 
Powerpoint for the briefing session held for the industry and the Frequently Asked Questions
27.12.2024
Inland Revenue (Amendment) (Minimum Tax for Multinational Enterprise Groups) Bill 2024 gazetted 27.12.2024
Global minimum tax and Hong Kong minimum top-up tax for multinational enterprise groups 27.12.2024
Interest rate for Tax Reserve Certificates adjusted 27.12.2024
Inland Revenue Department Notice: Pay promptly as tax is falling due Inland Revenue Department Notice: Pay promptly as tax is falling due 27.12.2024
Inland Revenue Department alerts public to fraudulent SMS messages 20.12.2024
Hong Kong's Comprehensive Avoidance of Double Taxation Agreements with Bangladesh and Croatia come into force 20.12.2024
What you need to know as Re-domiciled Company 20.12.2024
Government welcomes passage of Inland Revenue (Amendment) (Tax Deductions for Leased Premises Reinstatement and Allowances for Buildings and Structures) Bill 2024 18.12.2024
LCQ22: Initiatives to encourage childbearing 18.12.2024
Hong Kong commits to implementing Crypto-Asset Reporting Framework 13.12.2024
LCQ12: Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone 11.12.2024
Government welcomes passage of Stamp Duty Legislation (Miscellaneous Amendments) Bill 2024 11.12.2024
LCQ5: Voluntary Health Insurance Scheme 04.12.2024
List of Qualifying Debt Instruments (as at 30 September 2024) 02.12.2024
Interest rate for Tax Reserve Certificates adjusted 29.11.2024
Gazettal of Inland Revenue (Amendment) (Tax Deductions for Assisted Reproductive Service Expenses) Bill 2024 29.11.2024
LCQ20: Research and Development Centres under purview of Innovation and Technology Commission 27.11.2024
LCQ5: Opening up of the Mainland market to Hong Kong on trade in services 20.11.2024
Newly published Advance Ruling Case No. 75 13.11.2024
LCQ12: Financial results of the Government 13.11.2024
Stamp Duty Legislation (Miscellaneous Amendments) Bill 2024 gazetted 08.11.2024
LCQ17: Monitoring of charitable institutions 06.11.2024
Circular Letter to Tax Representatives - Block Extension Scheme for Lodgement of 2023/24 Tax Returns [Extended Due Date for ‘M’ Code Returns] Circular Letter to Tax Representatives - Block Extension Scheme for Lodgement of 2023/24 Tax Returns [Extended Due Date for ‘M’ Code Returns] 04.11.2024
Interest rate for Tax Reserve Certificates adjusted 01.11.2024
LCQ10: Electronic Tax Reserve Certificates Scheme 30.10.2024
Supplementary Appropriation (2023-2024) Bill to be introduced into LegCo for First Reading and Second Reading 28.10.2024
LCQ4: Application for refund of stamp duty in respect of redevelopment project 23.10.2024
Orders on Comprehensive Avoidance of Double Taxation Agreements with Armenia, Bahrain, Bangladesh, Croatia and Türkiye to be gazetted 23.10.2024
LegCo to consider Rating (Amendment) Bill 2024 21.10.2024
Tax Deductions for Leased Premises Reinstatement and Allowances for Buildings and Structures 18.10.2024
Inland Revenue (Amendment) (Tax Deductions for Leased Premises Reinstatement and Allowances for Buildings and Structures) Bill 2024 to be gazette 16.10.2024
CE's speech in delivering "The Chief Executive's 2024 Policy Address" to LegCo (3) 16.10.2024
BFAC appreciates Intellectual Property Department's contribution to development of Hong Kong into regional intellectual property trading centre 15.10.2024
Interest rate for Tax Reserve Certificates adjusted 04.10.2024
Notify Inland Revenue Department promptly of change of address Notify Inland Revenue Department promptly of change of address 03.10.2024
Senior appointment (with photos) 27.09.2024
5th Belt and Road Initiative Tax Administration Cooperation Forum concludes successfully (with photos) 26.09.2024
Hong Kong and Türkiye enter into tax pact (with photos) 24.09.2024
5th Belt and Road Initiative Tax Administration Cooperation Forum opens today to deepen international tax co-operation in pursuit of high-quality Belt and Road development (with photos) 24.09.2024
SFST's speech at 5th Belt and Road Initiative Tax Administration Cooperation Forum welcome dinner (English only) (with photo) 24.09.2024
Speech by CE at 5th Belt and Road Initiative Tax Administration Cooperation Forum (English only) (with photos/video) 24.09.2024
Annual Report 2023-24 20.09.2024
List of Qualifying Debt Instruments (as at 30 June 2024) 27.08.2024
Stamping of Tenancy Agreement  –
FAQs have been uploaded to the Department's website.
09.08.2024
Annual Report on Performance Pledge 2023-24 31.07.2024
Circular Letter to Tax Representatives - Block Extension Scheme for Lodgement of 2023/24 Tax Returns [Extended Due Date for ‘D’ Code Returns] Stamp Duty Exemption for certain transactions relating to Dual-counter Stocks made by Dual-counter Market Makers 25.07.2024
Inland Revenue (Amendment) (Tax Concessions for Intellectual Property Income) Ordinance 2024 gazetted 05.07.2024
Foreign-sourced Income Exemption –

more FAQs and illustrative examples have been uploaded to the Department's website.

05.07.2024
Interest Income from Foreign Debt Instrument –

An FAQ has been uploaded to the Department’s website.

05.07.2024
Inland Revenue (Amendment) (Tax Concessions for Intellectual Property Income) Ordinance 2024 gazetted to amend the Inland Revenue Ordinance to implement the patent box regime.

For more details on the regime, please click here.

05.07.2024
Tax Obligations of Taxpayers and Employers Tax Obligations of Taxpayers and Employers 04.07.2024
Government to move resolution to resume collection of Hotel Accommodation Tax 03.07.2024
Stock Borrowing Relief – Filing of Return of Stock Borrowing Transactions Stock Borrowing Relief – Filing of Return of Stock Borrowing Transactions 02.07.2024
Hong Kong and Armenia enter into tax pact (with photos) 24.06.2024
Tax obligations of property owners Tax obligations of property owners 13.06.2024
Interest on Tax Reserve Certificates 31.05.2024
Government welcomes passage of Inland Revenue (Amendment) (Tax Concessions and Two-tiered Standard Rates) Bill 2024 22.05.2024
Tax Obligations of Taxpayers and Employers Tax Obligations of Taxpayers and Employers 16.05.2024
List of Qualifying Debt Instruments (as at 31 March 2024)  13.05.2024
File Your Tax Return on Time File Your Tax Return on Time 09.05.2024
Use "iAM Smart+" to easily submit tax return online 

Taxpayers may activate and login eTAX account with "iAM Smart" directly without TIN and password. "iAM Smart+" users may sign and submit tax return online with digital signing function easily. For details of "iAM Smart", please visit the "iAM Smart" thematic website:iamsmart.gov.hk

03.05.2024
Inland Revenue Department alerts public to fraudulent emails 02.05.2024
Inland Revenue Department issues tax returns for individuals (with photo)  02.05.2024
Gazettal of Inland Revenue Ordinance (Amendment of Schedule 17E) Notice 2024 30.04.2024
LCQ14: Family offices set up in Hong Kong 24.04.2024
Jail sentence and fine for property agent convicted of omitting rental income and falsely claiming deduction of home loan interest 19.04.2024
Employer’s Return of Remuneration and Pensions 18.04.2024
LegCo to consider Stamp Duty (Amendment) Bill 2024 08.04.2024
IRD issues profits tax, property tax and employer's returns for 2023-24 02.04.2024
Electronic Filing of Profits Tax Return

The Department today (1 April) launched the new versions and enhanced features of electronic filing of profits tax return services, IRD Taxonomy Package and IRD iXBRL Data Preparation Tools (the “Tools”) where all corporations and businesses can e-file their profits tax returns for the years of assessment 2022/23 and 2023/24 together with supporting documents through eTAX on a voluntary basis.  Meanwhile, the first Traditional Chinese edition of the IRD Taxonomy Package and the Traditional Chinese Tools have also been launched.  Taxpayers are encouraged to participate in voluntary e-filing of profits tax returns.  More details can be found on the IRD’s dedicated web pages at www.ird.gov.hk/e_epf and www.ird.gov.hk/ixbrl respectively.

01.04.2024
Tax Representatives’ Corner - 2023/24 Profits Tax Return  01.04.2024