Etax hong kong

These returns should be filed within one month upon the issue of the notice an extension of 1 month to be given automatically if the return if filed electronically. With the looming deadline, rookies in the workplace, and even seasoned tax payers, etax hong kong, may have questions regarding the reporting and the paperwork. Let us walk you through a brief introduction to salaries tax and points to note when filing your return. Simply put, individuals employed etax hong kong work in job positions created in or derived from Hong Kong are required to pay salaries tax.

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Etax hong kong

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Personal Assessment is not a tax item, but a tax relief arrangement provided for applicable individuals.

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BIR60 should be completed and signed by the individual taxpayer. If you receive BIR60 from us, you must complete and submit it in time even if you do not have any income to report. Most of your questions will be answered in the Guide. You should read the whole Guide carefully before completing the Tax Return. If you need further information on related tax rules, e. Some key points, with examples, have been highlighted for your attention. Alternatively, the specimen is also available through the hour Fax-A-Form Service

Etax hong kong

It offers users a simpler, quicker, more secure and environment-friendly way to comply with the tax law. As a continuous effort to provide quality services to the public, the department today August 14 launched the revamped eTAX portal with more user-friendly applications to help users meet their tax obligations more easily. With the adoption of responsive web design in the new platform, the applications on eTAX bring to you not only efficiency, effectiveness and convenience when conducting electronic transactions on desktop computers or mobile devices, but also the sense of receiving better quality of service and user experience. Adoption of responsive web design gives users the optimal viewing and interaction experience by automatically adjusting the contents to perfectly fit the screen sizes, resolutions and orientation whether using desktop computers or mobile devices.

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Under general circumstances, owners or shareholders of an operating business, or owners of a leased property, are applicable persons. This would be adjusted after the income and tax payable of the tax year is assessed in the next year. For the majority of the working population, the tax calculated based on the progressive tax rates are lower than that of the standard rate. You are not required to submit evidence in support of the claim together with the tax return. Subscribe Now Email updates from us. Simply put, individuals employed to work in job positions created in or derived from Hong Kong are required to pay salaries tax. If your income does not exceed your eligible allowances, you do not need to pay salaries tax or file your tax return. In such adjustment, the provisional salaries tax paid of the tax year would first be deducted to offset the salaries tax payable. If you qualify for certain deductions and allowances, tax is only levied on the amount after deductions and allowances are taken out. Therefore, the IRD requires taxpayers to pay a provisional salaries tax for the tax year. Tax reduction is not a permanent measure, but the government has been offering this over the past few years.

The implementation framework of the new deduction is as follows:.

Let us walk you through a brief introduction to salaries tax and points to note when filing your return. But if you have just joined the workforce, you may receive the tax return later. Personal Assessment is not a tax item, but a tax relief arrangement provided for applicable individuals. Recommended blog articles. You may be interested in. Subscribe Now Email updates from us. This would be adjusted after the income and tax payable of the tax year is assessed in the next year. With the looming deadline, rookies in the workplace, and even seasoned tax payers, may have questions regarding the reporting and the paperwork. You are not required to submit evidence in support of the claim together with the tax return. You need not include the documents when applying for the deductions with your tax return, but they must be kept for a period of six years in case the IRD requires you to produce them. Tax reduction is not a permanent measure, but the government has been offering this over the past few years. Why do I have to pay a provisional salaries tax? If you qualify for certain deductions and allowances, tax is only levied on the amount after deductions and allowances are taken out. You can set aside some money each month to prepare for the tax payment, and use the IFEC Savings Goal Calculator to achieve your saving plan. Check the information upon receiving it.