IRD issues profits tax, property tax and employer’s returns for 2025-26

IRD issues profits tax, property tax and employer’s returns for 2025-26      
     The IRD encourages taxpayers to file their tax returns through eTAXreturns      
     Employers may use the IR56 Forms Preparation Tool to prepare and submit all types of IR56 Forms (i.e. Forms IR56B/E/F/G/M) electronically when filing their employer’s returns. This tool can be used online without installation. Employers can learn about the details of the tool on the IRD’s website      
     Profits tax payers are also encouraged to file tax returns electronically together with supporting documents (including financial statements and tax computations) in inline eXtensible Business Reporting Language (iXBRL) format. The IRD provides the IRD Taxonomy Package (the Taxonomy) and the IRD iXBRL Data Preparation Tools (the Tools) to help taxpayers prepare the required iXBRL data files. Taxpayers may visit the IRD’s websitesystem      
     The first phase of mandatory electronic filing of profits tax returns also came into effect today (April 1). The relevant entities of in-scope multinational enterprise groups subject to the global minimum tax regime are required to file their profits tax returns electronically from the year of assessment 2025-26 onwards. Details are available on the IRD’s website      
     The IRD reminds taxpayers and employers to pay sufficient postage to ensure timely delivery if they submit their returns by mail. Underpaid mail items will not be accepted by the IRD. Postage rates are available on Hongkong Post’s websiteIssued at HKT 16:30