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  • Notification Of Chargeability To Salaries Tax Notification Of Chargeability To Salaries Tax - Ird

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Notification of Chargeability to Salaries Tax 5 INLAND REVENUE DEPARTMENT REVENUE TOWER, 5 GLOUCESTER ROAD, WAN CHAI, HONG KONG. Web site: www.ird.gov.hk 3170 Fax No. 5647 To: The Commissioner of.

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If payment vouchers are printed with barcode, you can present the voucher and pay tax, Business Registration Fee and e-Stamping payment at any 7-Eleven Convenience Store, Circle K Convenience Store, VanGO Convenience Store and U select in Hong Kong. Cash payment up to HK$5,000 per transaction is accepted.

The penalty range for a non-deliberate failure to notify with a prompted disclosure more than 12 months after the tax was due is 20% to 30% of the 'potential lost revenue' (PLR).

If the error is careless, the penalty will be between 0 and 30% of the extra tax due. If the error is deliberate, the penalty will be between 20 and 70% of the extra tax due. If the error is deliberate and concealed, the penalty will be between 30 and 70% of the extra tax due.

HMRC will normally issue a notice (CT603) to the company requiring it to file a corporation tax return. If such a notice is not issued, the company is required to notify chargeability within 12 months from the end of that accounting period.

Penal Actions for Non-compliance A person who fails to comply with the requirement to notify chargeability might be prosecuted under section 80(2) or subject to Additional Tax under section 82A of the Ordinance.

The amount of a failure to notify penalty is calculated on the basis of a percentage of potential lost revenue – this means the amount of tax unpaid by the relevant payment deadline as a result of the failure to notify.

Salaries, Wages and Director's fees Any salary, wages or director's fees you earn are chargeable to salaries tax, and the gross amounts before the deduction of your contributions to a recognised occupational retirement scheme or mandatory provident fund scheme should be reported.

A system of provisional tax payments applies whereby estimated tax payments are made during the current year. The provisional salaries tax payable is normally estimated based on the previous year's net chargeable income.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232