Extended tax deadlines
With consideration of COVID-19 impact on business operation in Hong Kong, the Hong Kong Inland Revenue Department (“IRD”) announced on 4 April 2020 that deadlines for the following tax matters fall between 23 March 2020 and 2 May 2020 are automatically extended to 4 May 2020:
- Tax payments;
- Lodgement of objections;
- Holdover applications; and
- Submission of tax returns and information
Extended payment deadlines of some taxes for the year of assessment 2018/19
In order to ease the financial burden and cash flow of businesses and individuals due to COVID-19, the Chief Executive announced on 8 April 2020 that 3 months extension is automatically granted to taxpayers who are required to pay the following taxes for the year of assessment 2018/19:
- Salaries tax;
- Tax under personal assessment; and
- Profits tax
The extension is applicable to original payment deadlines fall between April and June 2020 only. Moreover, the extension is not applicable to taxpayers (i) who have to settle their taxes before departing Hong Kong and (ii) who have been approved by the IRD to pay taxes by instalments.
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