Etax hong kong

These comic walker. should be filed within etax hong kong month upon the issue of the notice an extension of 1 month to be given automatically if the return if filed electronically, etax hong kong. With the looming deadline, rookies in the workplace, and even seasoned tax payers, 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 to 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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A guide to filing tax returns. For details etax hong kong deductions, allowances and tax reduction, please refer to the allowances, deductions and tax rate table published by the IRD. Three types of direct taxes are levied in accordance with the Inland Revenue Ordinance, namely salaries tax, profits tax and property tax.

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By opening a personal account under eTAX i. This section shows your personal particulars, language preference and selection of notices and documents to be received electronically, which can be changed if necessary. This section shows online services available to you, which are grouped under four categories, namely Individual, Property, Business and Payment. This section shows details of tax return, payment and assessment related to Salaries Tax, Property Tax for solely owned properties, Profits Tax for sole proprietorship business and Personal Assessment, if applicable. The number of any tax returns to be filed and any tax bills to be paid are also highlighted for your attention. Details of any tax reserve certificate account are also shown in this section. This is your message box for receiving messages from IRD. Such messages are retained for 6 years from the respective dates of issue.

Etax hong kong

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 Ascertain the correct amount of income and expenses and report in Part 3 the rental income from all your solely-owned properties and related deduction under property tax.

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Three types of direct taxes are levied in accordance with the Inland Revenue Ordinance, namely salaries tax, profits tax and property tax. If you are not running a business or do not have rental income, there is no need to consider Personal Assessment. Three types of direct taxes are levied in accordance with the Inland Revenue Ordinance, namely salaries tax, profits tax and property tax. Your employer will provide you a copy of this report. 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. If your income does not exceed your eligible allowances, you do not need to pay salaries tax or file your tax return. 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. A guide to filing tax returns Tax filing. You can apply for the IRD's eTax Account to file your tax return online conveniently and to save time. You should, however, retain that evidence for verification when required. Personal Assessment is not a tax item, but a tax relief arrangement provided for applicable individuals. You may be interested in. Check the information upon receiving it. Tax payments can be paid in two instalments: the first payment is usually due in January; the second, in April. Any balance is used to offset the provisional tax for the next tax year.

The implementation framework of the new deduction is as follows:. Domestic premises are a building or any part of such a building that is not prohibited by or pursuant to any law or any specified instrument e.

Under general circumstances, owners or shareholders of an operating business, or owners of a leased property, are applicable persons. Therefore, employees are usually taxed at the progressive rate. Recommended blog articles. A guide to filing tax returns Tax filing. Let us walk you through a brief introduction to salaries tax and points to note when filing your return. You may be interested in. Subscribe Now Email updates from us. 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. You are not required to submit evidence in support of the claim together with the tax return. With the looming deadline, rookies in the workplace, and even seasoned tax payers, may have questions regarding the reporting and the paperwork. For details about deductions, allowances and tax reduction, please refer to the allowances, deductions and tax rate table published by the IRD. If you are not running a business or do not have rental income, there is no need to consider Personal Assessment.