The Hong Kong Inland Revenue Department (IRD) issued about 230 000 profits tax returns, 120 000 property tax returns and 330 000 employer’s returns for the year of assessment 2024-25. Taxpayers and employers are generally required to file their returns within one month from the date of issue of the returns. Accounting Taxation Audit Arrangement […]
Author: infopacificconsultantslimited
Property agent convicted of omitting rental income and falsely claiming deduction of home loan interest
A property agent was convicted today (March 15) at the District Court of evading tax. Sentencing was adjourned to April 19 pending the defendant’s submission of plea in mitigation. The defendant, aged 65, was a licensed property agent and operated a property agency company. She pleaded guilty to 11 charges of evading tax […]
Business registration fees to be adjusted and business registration levy to be waived
The Government served a notice to the Legislative Council today (March 6) to move a resolution under the Business Registration Ordinance (Cap. 310) (BRO) to increase business registration fees with effect from April 1, 2024. The Government will also publish in the Gazette on March 8 the Business Registration Ordinance (Amendment of Schedule 2) Order […]