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


SCHEDULE 17

EARNING & PROFITS TAX -
SURCHARGES ADDED, OFFENCES COMPOUNDED AND ADDITIONAL TAX IMPOSED

2002-03
Content

Surcharge for late payment of tax
Type of Tax Number of Impositions Amount (Dollars)
Property Tax 12,186 6,283,300
Salaries Tax 133,791 99,618,749
Profits Tax (Corporations) 7,196 55,513,597
Profits Tax (Unincorporated Businesses) 3,586 21,341,156
Personal Assessment 16,919 12,300,241
Total 173,678 195,057,043

Compound Penalties for offences under the Inland Revenue Ordinance:-
Section 51(4B)
(Including penalties imposed by the Court)
Type of Tax Number of Impositions Amount (Dollars)
Property Tax - -
Salaries Tax 13 56,100
Profits Tax (Corporations) 2 9,000
Profits Tax (Unincorporated Businesses) 1 13,900
Personal Assessment - -
Total 16 79,000

Compound Penalties for offences under the Inland Revenue Ordinance:- Section 80(1)
Type of Tax Number of Impositions Amount (Dollars)
Property Tax 3 403,000
Salaries Tax 677 2,195,880
Profits Tax (Corporations) 74 848,150
Profits Tax (Unincorporated Businesses) 66 5,318,200
Personal Assessment - -
Total 820 8,765,230

Compound Penalties for offences under the Inland Revenue Ordinance:- Section 80(2)
Type of Tax Number of Impositions Amount (Dollars)
Property Tax 631 4,475,160
Salaries Tax 4,938 114,752,176
Profits Tax (Corporations) 4,032 394,868,971
Profits Tax (Unincorporated Businesses) 1,859 161,382,317
Personal Assessment 123 137,600
Total 11,583 675,616,224

Compound Penalties for offences under the Inland Revenue Ordinance:- Section 82(1)
Type of Tax Number of Impositions Amount (Dollars)
Property Tax - -
Salaries Tax 34 7,112,185
Profits Tax (Corporations) 27 27,838,540
Profits Tax (Unincorporated Businesses) 57 29,295,448
Personal Assessment - -
Total 118 64,246,173

Additional Tax imposed under section 82A of the Inland Revenue Ordinance
Type of Tax Number of Impositions Amount (Dollars)
Property Tax 79 496,500
Salaries Tax 1,312 26,938,135
Profits Tax (Corporations) 587 31,493,922
Profits Tax (Unincorporated Businesses) 497 39,423,516
Personal Assessment 13 124,000
Total 2,488 98,476,073

Total
Type of Tax Number of Impositions Amount (Dollars)
Property Tax 12,899 11,657,960
Salaries Tax 140,765 250,673,225
Profits Tax (Corporations) 11,918 510,572,180
Profits Tax (Unincorporated Businesses) 6,066 256,774,537
Personal Assessment 17,055 12,561,841
Total 188,703 1,042,239,743


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|

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(Last updated/reviewed : February 6, 2004)