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Major Changes in 2018/19 Profits Tax Return [BIR51, BIR52 & BIR54]

BIR51, BIR52 or BIR54 must be submitted together with any required supplementary forms to the Department.

The following Items are added/amended in the Profits Tax Returns this year: 

  • Item 2.3 of BIR51 and Item 1.5 of BIR52 are amended for taxpayers to confirm whether they are chargeable at two-tiered rates for this year of assessment.

  • Item 3.2 of BIR51 and Item 2.2 of BIR52 are amended for taxpayers to confirm whether they paid or accrued to a non-resident person any sum for the assignment of intellectual property specified in section 15(1)(bb) of Inland Revenue Ordinance ("IRO") during the basis period.

  • Item 3.3 of BIR51 and Item 2.3 of BIR52 are amended for taxpayers to confirm whether they had any deemed assessable profits under section 20AK of IRO for this year of assessment.

  • Item 3.4.1 of BIR51 and Item 2.4 of BIR52 are amended for taxpayers to confirm whether the Assessable Profits/Adjusted Loss entered in Part 1 include any interest, profits/loss subject to tax at concessionary tax rate for this year of assessment arising from short/medium term debt instruments (issued before 1 April 2018).

  • Item 3.4.2 of BIR51 is amended for taxpayers to confirm whether the Assessable Profits/Adjusted Loss entered in Part 1 include any profits/loss subject to tax at concessionary tax rate for this year of assessment from carrying on a business as a professional reinsurer, an authorized captive insurer, a qualifying corporate treasury centre, a qualifying aircraft lessor or a qualifying aircraft leasing manager.

  • Item 4.4 of BIR51 and Item 3.4 of BIR52 are added for taxpayers to provide the Hong Kong Standard Industrial Classification Code.

  • Part 9 of BIR51 and BIR52 are added for taxpayers to confirm whether they have attached supplementary forms S1 to S10 and S1 to S5 respectively.

  • Item 10.6 of BIR51 and BIR52 are added for taxpayers to declare the amount of interest, profits or gains from qualifying debt instruments (issued on or after 1 April 2018) exempted from payment of Profits Tax.

  • Items 10.15.2 to 10.15.4 of BIR51 and Items 10.14.2 to 10.14.4 of BIR52 are added for taxpayers to declare the deduction claimed for specified expenditure on “performer’s economic rights”, “protected layout-design (topography) rights” and “protected plant variety rights” respectively.

  • In Part 13 of BIR51, persons in the capacity of investment manager of an open-ended fund company or provisional liquidator are added so that they can make declaration and sign on the return.

  • Item 6.2 of BIR52 is added for taxpayers to declare the amount of mandatory contributions made for proprietor / each partner under Mandatory Provident Fund Schemes Ordinance.

  • Items 2.3, 2.4 and 2.4.1 to 2.4.4 of BIR54 are added in relation to an election on behalf of the non-resident person to be chargeable at two-tiered rates for this year of assessment.

  • Item 5.1.4 of BIR54 is added to confirm whether any part of the receipts of the non-resident person in the nature of sums as specified in section 15(1)(bb) of IRO.

  • Item 7.4 of BIR54 is added to confirm whether supplementary form S5 is attached.