The Hong Kong Inland Revenue Department May 2 announced the same date issuance of individual income tax returns for 2024-2025, with filing deadlines and information. The announcement includes: 1) the June 2 filing deadline for individuals, with automatic extensions to July 2 for electronic filings; 2) the Aug. 2 filing deadline for sole proprietors, with automatic extensions to July 2 for electronic filings; 3) the 16 percent standard rate for portions of net income exceeding HK$5 million (US$645,057) under the two-tiered standard rates regime for salary tax and tax under personal assessment; 4) the additional HK$20,000 (US$2,580) deduction ceiling for ...
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