1999-2000 Annual Report, Inland Revenue Department
(Text Only)


SCHEDULE 17

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

1999-2000
Content

Surcharge for late payment of tax
Type of Tax Number of Impositions Amount (Dollars)
Property Tax 13,497 7,992,738
Salaries Tax 139,426 100,173,745
Profits Tax (Corporations) 9,233 157,189,766
Profits Tax (Unincorporated Businesses) 6,413 32,985,222
Personal Assessment 15,622 11,248,684
Total 184,191 309,590,155

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 12 35,300
Profits Tax (Corporations) 9 23,600
Profits Tax (Unincorporated Businesses) 6 15,300
Personal Assessment - -
Total 27 74,200

Compound Penalties for offences under the Inland Revenue Ordinance:- Section 80(1)
Type of Tax Number of Impositions Amount (Dollars)
Property Tax - -
Salaries Tax 811 2,259,074
Profits Tax (Corporations) 22 988,705
Profits Tax (Unincorporated Businesses) 99 7,094,300
Personal Assessment - -
Total 932 10,342,079

Compound Penalties for offences under the Inland Revenue Ordinance:- Section 80(2)
Type of Tax Number of Impositions Amount (Dollars)
Property Tax 824 6,255,080
Salaries Tax 2,910 56,189,938
Profits Tax (Corporations) 5,575 250,305,779
Profits Tax (Unincorporated Businesses) 3,072 273,976,467
Personal Assessment 38 27,300
Total 12,419 586,754,564

Compound Penalties for offences under the Inland Revenue Ordinance:- Section 82(1)
Type of Tax Number of Impositions Amount (Dollars)
Property Tax - -
Salaries Tax 11 9,839,000
Profits Tax (Corporations) 5 16,285,800
Profits Tax (Unincorporated Businesses) 27 14,312,934
Personal Assessment - -
Total 43 40,437,734

Additional Tax imposed under section 82A of the Inland Revenue Ordinance
Type of Tax Number of Impositions Amount (Dollars)
Property Tax 73 146,600
Salaries Tax 692 22,527,377
Profits Tax (Corporations) 706 51,278,465
Profits Tax (Unincorporated Businesses) 744 60,375,144
Personal Assessment 5 34,600
Total 2,220 134,362,186

Total
Type of Tax Number of Impositions Amount (Dollars)
Property Tax 14,394 14,394,418
Salaries Tax 143,862 191,024,434
Profits Tax (Corporations) 15,550 476,072,115
Profits Tax (Unincorporated Businesses) 10,361 388,759,367
Personal Assessment 15,665 11,310,584
Total 199,832 1,081,560,918

 

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