Hong Kong Tax Agency Announces Return Filing Deadlines for Individuals, Businesses, Budget Proposals

The Hong Kong Inland Revenue Department May 4 announced filing deadlines for individual and corporate income tax returns, and Budget proposals for 2026-2027. The announcement includes: 1) the May 4 issuance of returns for individuals, and the filing deadlines of June 4 for general cases and Aug. 4 for sole proprietors, with one-month extensions to July 4 and Sept. 4, respectively, for electronic filings; 2) a proposed one-time 100 percent reduction in salary tax, self-assessment income tax, and profits tax for year of assessment (YA) 2025-2026, capped at HK$3,000 (US$383) per case; 3) proposed increases to tax allowances for individuals, ...