Taxpayer convicted of false claims for additional dependent parent allowance
(Press Release - May 14, 2019)

Stamp Duty statistics (April 2019)
Stamp Duty statistics (SSD / BSD / DSD) have been uploaded to the Department・s website.
(May 10, 2019)

List of Qualifying Debt Instruments (as at 31 March 2019)
(May 9, 2019)

DIPN 56 & DIPN 57
Starting from the year of assessment 2019/20, taxpayers can claim deduction for (a) qualifying premiums paid under Voluntary Health Insurance Scheme (VHIS) policies; and (b) qualifying annuity premiums paid under qualifying deferred annuity policies and tax deductible MPF voluntary contributions (TVC) paid.  The following two Departmental Interpretation and Practice Notes are issued today to explain the conditions for deduction of the premiums/ contributions paid and the Department’s interpretation and practices on the provisions relating to the new concessionary deductions:
(1) Departmental Interpretation and Practice Notes No. 56 - Concessionary Deductions: Sections 26H to 26M Health Insurance Premiums; and
(2) Departmental Interpretation and Practice Notes No. 57 - Concessionary Deductions: Sections 26N to 26U Annuity Premiums and MPF Voluntary Contributions.
(May 7, 2019)

Over 2.6 million tax returns issued for individuals
(Press Release - May 2, 2019)

DIPN 5 (Revised) & DIPN 55
Starting from the year of assessment 2018/19, capital expenditure incurred for procuring environmental protection installation is deducted in full in one year instead of over five years. The Departmental Interpretation and Practice Notes No. 5 (Revised) has been updated to set out the Department・s interpretation and practice on the provisions relating to the accelerated tax deduction. The part relating to tax deduction for research and development (:R&D;) expenditure is covered in the Departmental Interpretation and Practice Notes No. 55.
Taxpayers can claim enhanced tax deduction for R&D expenditure incurred on or after 1 April 2018 in respect of qualifying R&D activities. The Departmental Interpretation and Practice Notes No. 55 explains how a taxpayer can be entitled to the 100% tax deduction or enhanced tax deduction for R&D expenditure.
(April 11, 2019)

Employer・s Return of Remuneration and Pensions
(April 11, 2019)

SFST's speech on public finance at LegCo Finance Committee special meeting
(Press Release - April 9, 2019)

LCQ20: Regulation of virtual asset investment activities
(Press Release - April 3, 2019)

IRD issues tax returns for 2018-19
(Press Release - April 1, 2019)

Completion of Profits Tax Returns and the Supplementary Forms
(March 29, 2019)

LCQ1: Defaults on payments owed to the Government and public organisations
(Press Release - March 27, 2019)

Automatic Exchange of Financial Account Information (AEOI)
The Inland Revenue (Amendment) (No. 2) Ordinance 2019 was gazetted on 1 March 2019. The amendments relating to AEOI will take effect from 1 January 2020. A new webpage relating to mandatory provident fund schemes and occupational retirement schemes has been created. With the increase in the number of reportable jurisdictions from the current 75 to 126, the webpage for reportable jurisdictions has also been updated. In addition, some guidelines for reporting financial institutions that is in the process of being liquidated and a new FAQ 31 setting out the required due diligence procedures for private investment companies have been uploaded onto the Department・s website.
(March 26, 2019)

Profits Tax Return V Fair Value Accounting
(March 25, 2019)

Country-by-Country Reporting V Notification Deadline
(March 21, 2019)

Business Registration Advance Notice V Suspension of Instant Services
(March 21, 2019)

Government welcomes passage of Inland Revenue and MPF Schemes Legislation (Tax Deductions for Annuity Premiums and MPF Voluntary Contributions) (Amendment) Bill 2018
(Press Release - March 20, 2019)

Government welcomes EU's removal of Hong Kong from watchlist on tax co-operation
(Press Release - March 13, 2019)

Stamp Duty statistics (February 2019)
Stamp Duty statistics (SSD / BSD / DSD) have been uploaded to the Department・s website.
(March 11, 2019)

Circular Letter to Tax Representatives V Block Extension Scheme for Lodgement of 2018/19 Tax Returns
(March 11, 2019)

Gazettal of Inland Revenue (Amendment) (Tax Concessions) Bill 2019
(Press Release - March 6, 2019)