Inland Revenue Department will issue 2.77 million tax returns starting today. Taxpayers must submit the tax returns by July 2　

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Written by: Zhang Jiamin

2020-06-01 13:12

The Inland Revenue Department issued today (1st) about 2.77 million individual tax returns for the year of assessment 2019 to 2020. Taxpayers must submit tax returns within 1 month, and the deadline for those who operate sole proprietorships is 3 months, and online tax returns can be automatically delayed by one month before the tax returns.

The Inland Revenue Department issued approximately 2.77 million individual tax returns for the year of assessment 2019 to 2020. (Profile picture)

The Inland Revenue Department said it will issue about 2.77 million individual tax returns for the year of assessment 2019 to 2020. Taxpayers must submit tax returns within 1 month, that is, on or before July 2nd, and the deadline for the filing of wholly-owned businesses is 3 months, that is, on or before September 1. Online tax returns can be automatically extended for one month, that is, for ordinary people, it is automatically extended to August 3, and for those who operate sole proprietorship, it is automatically extended to October 3.

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Inland Revenue Department Hotline for extended service hours

In this year's Budget, the Financial Secretary proposed to reduce the profits tax, salaries tax and personal assessment tax for 100% for the year of assessment 2019 to 2020, with a maximum of $20,000 per case. The taxpayer only needs to fill in the tax return as usual, and after the relevant laws are passed, the Inland Revenue Department will make a concession during the tax assessment. In addition, from today to July 2nd, the Inland Revenue Department extended the service hours of the telephone enquiry hotline, Monday to Friday will be extended to 7 pm, Saturday from 9 am to 1 pm, closed on Sundays and public holidays to answer Taxpayer's inquiries about tax declaration.

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