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 From Hong Kong's Information Services Department
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March 23, 2009
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Tax
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Tax holdover applications rise 78%
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Inland Revenue Department

There are 58,100 applications for holding over provisional salaries tax in the current fiscal year, a 78% rise on last year, Commissioner of Inland Revenue Alice Lau says.

 

She told legislators today applications for holding over profits tax reached 7,800 cases, up 85% on last year.

 

On paying tax by instalments, there were 2,000 applications for profits tax, 1.8% of total demand notes. There were 6,100 and 620 cases for salaries tax and personal assessment, representing 0.5% and 0.5% of total demand notes.