The responsibilities of the Commissioner of the IRD includes overseeing the administration of the following ordinances in Hong Kong:
Betting Duty Ordinance Cap.108
Business Registration Ordinance Cap.310
Estate Duty Ordinance Cap.111
Hotel Accommodation Tax Ordinance Cap.348
Inland Revenue Ordinance Cap.112
Stamp Duty Ordinance Cap.117
Tax Reserve Certificates Ordinance Cap.289
The Inland Revenue Department (IRD) Hong Kong’s Mission and Vision
The core values of the IRD are professionalism, efficiency, responsiveness, fairness, effectiveness, courtesy, and teamwork. As part of their responsibilities, the IRD has an important part in the promotion of prosperity and stability in Hong Kong. They are committed to the following duties:
The collection of revenue efficiently and cost-effectively
The promotion of compliance through its rigorous law enforcement, education, and publicity programmes.
Providing the taxpaying public with courteous and effective service
Enabling the IRD staff to obtain the necessary knowledge, attitude, and skills. Upon doing so, they can contribute their best achievement.
Paul Hype Page has been assisting past clients to manage their tax with the IRD. We have strong relationships with IRD and can provide in-sights on dealing with the IRD, should an individual client requires such information.
Inland Revenue Department (IRD) Hong Kong’s eTax Service
The IRD Hong Kong provides a user-friendly electronic service known as eTAX. It offers users an easy, secure and environmentally friendly way to facilitate their compliance with the tax law. As a result, it enables users to carry out their tax obligations with ease and convenience.
Users can log into their eTAX account using their Taxpayer Identification Number (TIN) and their eTAX password to access the services. With the online account, users will then be able to keep track of their current tax position. They can also manage their tax-related affairs and easy communication with the IRD Hong Kong no matter where they may be and at any time.
Further, the benefits of using the eTAX account include:
Filing tax returns
Applying for business registration and also extracts of registration particulars
Keeping track of outstanding tax returns or payments (if any)
Viewing tax returns which have been filed online. It also tackles tax assessments and payment acknowledgement
Apart from filing taxes individually, one may choose to engage with a professional service firm for additional professional assistance. Paul Hype Page has over 12 years of experience in the Hong Kong financial sector, and we can provide the necessary information one might require when managing taxes.
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Organization Chart of Inland Revenue Department
The Department’s revenue collection for 2018-19 was $341.4 billion. This is an increase of $12.8 billion, or 3.9% as compared to the previous year. Of the total revenue collected, Profits Tax and Stamp Duty together contributed 72.2%. The revenue collected by tax type for the latest three years is shown below:
Inland Revenue Department in Hong Kong FAQs
Can I make an extension when filing for tax deadline?Tiwi2020-08-05T09:36:28+00:00