SUNDAY, JULY 10, 1977
SALARY TAXPAYERS ASKED TO REPORT INCOME
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SALARIES TAXPAYERS WHO HAVE NOT YET LODGED THEIR RETURNS SHOULD DO SO AS SOON AS POSSIBLE, A SPOKESMAN FOR THE INLAND REVENUE DEPARTMENT SAID TODAY.
OUT OF 262,000 SALARIES TAX RETURNS FOR 1977/78 ASSESSMENT YEAR SENT OUT ON MAY 1, ABOUT 60,000 OR 23 PER CENT HAD NOT YET COME BACK TO THE DEPARTMENT, HE POINTED OUT.
+ALL SALARIES TAXPAYERS WHO HAVE RECEIVED TAX RETURN FORMS ARE REQUIRED TO MAKE THE IR RETURNS WITHIN ONE MONTH FROM THE DATE OF ISSUE, HE SAID.
+LATE SUBMISSION OF RETURNS MAY BE PENAL ISED.+
THE SPOKESMAN EXPLAINED THAT SALARIES EARNERS WITH AN INCOME OF $1,050 PER MONTH AS A SINGLE PERSON OR $2,100 WITH DEPENDENTS WERE REQUIRED TO PAY TAX.
THOSE WHO COULD BE LIABLE TO SALARIES TAX AND HAVE NOT YET RECEIVED THE RETURN FORMS, SHOULD WRITE TO THE COMMISSIONER OF INLAND REVENUE, POST OFFICE BOX 132, HONG KONG, OR CALL 5-95731 EXT. 222.
+ IT IS THE RESPONSIBILITY OF SALARIES TAXPAYERS TO SEE THAT THEIR EARNINGS ARE REPORTED TO THE INLAND REVENUE DEPARTMENT. FAILURE TO DO SO MAY RESULT IN A FINE, HE ADDED.
STARTING ON MONDAY (JULY 11), THE INLAND REVENUE DEPARTMENT WILL LAUNCH A DRIVE AIMED AT ADVISING PROPRIETORS OF FIRMS OF THE NEED TO REGISTER THEIR BUSINESS,
THE SPOKESMAN STRESSED THAT OWNERS OF SHOPS, FACTORIES AND BUSINESS CONCERNS OF ANY NATURE, SHOULD OBTAIN A BUSINESS REGISTRATION CERTIFICATE WITHIN THE FIRST MONTH OF OPERATION.
HE ALSO ADVISED THOSE WHO HAD NOT YET REGISTERED THE IR BUSINESS SHOULD TAKE THE FIRST OPPORTUNITY TO DO SO. IF NOT, THEY RISK PROSECUTION WITH A MAXIMUM PENALTY OF $2,000 AND A YEAR IN PRISON, HE POINTED OUT.
ANYONE IN NEED OF FURTHER INFORMATION CONCERNING BUSINESS REGISTRATION, CAN CALL THE BUSINESS REGISTRATION OFFICE AT 5-245302.
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