To ease the financial burden and cash flow of businesses and individuals arising from COVID-19, the Chief Executive announced on April 8 a series of relief measures, including the automatic extension of deadlines by three months for payment of Salaries Tax, tax under Personal Assessment and Profits Tax for the year of assessment 2018/19 that will be falling due in April to June this year. No application by taxpayers is required for the relief.
For taxpayers who have promptly settled the first instalment of their respective demand notes under Salaries Tax, Personal Assessment and Profits Tax for the year of assessment 2018/19, the deadline for payment of tax for the second instalment will be automatically extended for 3 months from the due date of the second instalment as specified on the demand note. If the extended deadline falls on a Saturday, Sunday or public holiday, the deadline will be the next working day. Please see Example 1 and Example 3.
If the Salaries Tax, Personal Assessment and Profits Tax demand notes for the year of assessment 2018/19 fall due between April to June 2020, the deadline for payment of all tax payable thereon will be automatically extended for 3 months. Please see Example 2 and Example 3.
The above relief measure is not applicable to taxpayers who have to settle their tax liabilities before departing Hong Kong and taxpayers paying Property Tax.
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