2002-03 Annual Report, Inland Revenue Department
(Text Only)


Schedule 1


EARNINGS AND PROFITS TAX -
TAX ASSESSED AND COLLECTIONS FOR THE YEAR ENDED
31 MARCH 2003

Content

 

Tax assessed and collections
Property Tax
(Dollars)
Salaries Tax
(Dollars)
Profits Tax -
(Corporations)
(Dollars)
Profits Tax -
(Unincorporated Businesses)
(Dollars)
Personal Assessment
(Dollars)
Total
(Dollars)
Tax assessed during the year - 2000-01 and earlier years
28,603,766
507,607,716
3,502,881,820
415,381,333
587,724,381
5,042,199,016
Tax assessed during the year - 2001-02 Final Tax only
71,545,429
176,786,306
-1,765,073,434
-106,329,252
2,785,554,943
1,162,483,992
Tax assessed during the year - 2002-03 Provisional Payments and Final Tax
1,138,391,731
30,280,917,509
34,695,165,277
4,555,779,032
1,466,945
70,671,720,494
Total Tax Assessed
1,238,540,926
30,965,311,531
36,432,973,663
4,864,831,113
3,374,746,269
76,876,403,502
Add: Collectables - Tax outstanding as at 31 March 2002 b/f
318,783,773
7,022,198,283
21,832,295,360
2,663,434,575
592,437,212
32,429,149,203
Add: Collectables - Surcharge, Compound Penalty and Additional Tax imposed and Costs awarded by the Board of Review
11,657,960
250,673,225
510,572,180
256,774,537
12,561,841
1,042,239,743
Add: Collectables - Interest on Tax Heldover
90,645
1,521,488
32,538,329
2,659,747
567,811
37,378,020
Add: Collectables - Write-off re-opened
1,814,365
35,748,840
28,686,370
11,203,029
2,410,425
79,863,029
Total of Tax Assessed and Collectables (a)
1,570,887,669
38,275,453,367
58,837,065,902
7,798,903,001
3,982,723,558
110,465,033,497
Collections during the year - Net Tax collected
1,169,533,411
29,518,122,644
33,188,358,626
4,861,465,832
3,306,936,418
72,044,416,931
Collections during the year - (After allowing for refunds of tax)
83,306,045
1,250,358,101 
3,307,012,673 
143,296,177 
241,285,386 
5,025,258,382 
Surcharge, Compound Penalty, Additional Tax and Costs awarded by the Board of Review
10,440,784
212,690,870
478,515,995
242,529,177
8,385,339
952,562,165
Interest on Tax Heldover
80,783
2,291,123
25,967,548
2,627,717
624,203
31,591,374
Total Net Collections (b)
1,180,054,978
29,733,104,637
33,692,842,169
5,106,622,726
3,315,945,960
73,028,570,470
Balance of Tax, Surcharge, etc. payable (a) - (b)
390,832,691
8,542,348,730
25,144,223,733
2,692,280,275
666,777,598
37,436,463,027
Less: Not collected by virtue of set-off
123,882,094
1,773,227,864
-
316,511,137
-
2,213,621,095
Less: Written-off as irrecoverable
12,076,719
164,541,302
462,058,560
106,347,471
17,642,499
762,666,551
Tax, Surcharge, etc. outstanding as at 31 March 2003 carried forward
254,873,878
6,604,579,564
24,682,165,173
2,269,421,667
649,135,099
34,460,175,381
Less: Under objection or appeal
16,332,510
787,488,705
17,037,057,935
878,309,537
222,908,511
18,942,097,198
Less: Listed for write-off but awaiting approval
524,443
1,636,984
266,392,022
9,203,516
399,004
278,155,969
Less: Assessed but not yet due
47,650,722
3,806,073,122
5,162,309,600
469,791,145
150,640,597
9,636,465,186

Net Tax, Surcharge, etc. in arrears as at 31 March 2003

190,366,203
2,009,380,753
2,216,405,616
912,117,469
275,186,987
5,603,457,028

 

Contents | Schedules | Schedule 1 | Schedule 2 | Schedule 3 | Schedule 4 | Schedule 5 | Schedule 6 | Schedule 7 | Schedule 8 | Schedule 9 | Schedule 10 | Schedule 11 | Schedule 12 | Schedule 13 | Schedule 14 | Schedule 15 | Schedule 16 | Schedule 17|

Homepage | Publications and Press Releases | Annual Report | 中文版年報 (Chinese Version)


(Last updated/reviewed : February 5, 2004)