THURSDAY. SEPTEMBER 7. 1989
SEPARATE SALARIES TAXATION APPLIES TO ALL: CIR
SEPARATE
SALARIES TAXATION
WILL
TAXPAYERS WHEN THE
TO APPLY
ALL INCLUDING PERSONS UNDER 21 YEARS OF AGE AND MARRIED WOMEN LEGISLATION COMES INTO OPERATION ON APRIL 1. 1990. THE COMMISSIONER OF INLAND REVENUE, MR ANTHONY AU-YEUNG, SAID TODAY (THURSDAY).
OF SOCIETY AN INCOME ALL
SPEAKING AT A LUNCH
HONG KONG MEETING OF THE MR ACCOUNTANTS,
AU-YEUNG SAID EVERY PERSON EARNING CHARGEABLE TO SALARIES TAX WOULD BE INDIVIDUALLY RESPONSIBLE FOR
THE ASPECTS OF HIS OR HER SALARIES TAX AFFAIRS INCLUDING LODGMENT OF RETURN, OBJECTING AGAINST THE ASSESSMENT IF NECESSAREY, AND PAYMENT OF THE TAX ASSESSED.
TO
MR AU-YEUNG ALSO REMINDED TAXPAYERS OF THEIR RESPONSIBILITY
TAX RETURN NOTIFY CHARGEABILITY IF THEY HAD NOT RECEIVED A SALARIES
YEAR OF THE AFTER THE
OF FOUR MONTHS FROM THE END EXPIRATION ASSESSMENT.
OF
WOULD THE COMMISSIONER SAID AN ESTIMATED 180,000 MARRIED WOMEN
THE TRANSITION TO BECOME TAXPAYERS IN THEIR OWN RIGHT AND TO HELP SEPARATE TAXATION THE INLAND REVENUE DEPARTMENT WOULD, PRIOR TO 31.
1990, IDENTIFY FROM DEPARTMENTAL RECORDS ALL MARRIED WOMEN TO BE DERIVING ASSESSABLE INCOME AND OPEN SALARIES TAX FILES FOR THEM.
WOMEN
MARCH KNOWN
RECEIVING 1989/90
ANNUAL BULK RETURN WOULD EMPLOYMENT
THIS WOULD RESULT IN THOSE MARRIED SALARIES RETURNS ALONG WITH ALL OTHER TAXPAYERS IN THE ISSUE OF SALARIES TAX RETURNS ON MAY 1, 1990, AND THE GENERALLY BE POSTED TO THE TAXPAYER AT HER MARCH 31, 1989 ADDRESS.
THE
"
MR
EVERY EFFORT WILL BE MADE TO IDENTIFY ALL CHARGEABLE "WHILST MARRIED WOMEN AND ISSUE THEM WITH RETURNS, CONSTRAINTS IMPOSED BY INFORMATION AVAILABLE WILL CLEARLY MAKE THIS AN IMPOSSIBLE IDEAL, AU-YEUNG SAID.
BE
TAXATION. HIS OR GRANTED
EVERY HER OWN A BASIC
"AFTER THE
IMPLEMENTATION OF SEPARATE
INDIVIDUAL DERIVING ASSESSABLE INCOME WILL LODGE
SALARIES ALLOWANCE.
TAX RETURN AND WILL AUTOMATICALLY
"MARRIED TAXPAYERS WHOSE SPOUSE DID NOT DERIVE ANY BE GRANTED INCOME DURING THE YEAR OF ASSESSMENT WILL PERSON'S ALLOWANCE," HE ADDED.
NOTED THAT CASES WOULD
OCCUR
ASSESSABLE
A
MARRIED
UNDER WHERE,
THAN THEY
THE COMMISSIONER SEPARATE TAXATION, SOME MARRIED COUPLES MIGHT PAY MORE TAX WOULD HAVE OTHERWISE PAID IF THE AGGREGATION SYSTEM WERE RETAINED.
HAS AN TAXPAYER HER NET ASSESSABLE
"THIS SITUATION WILL OCCUR WHEN A MARRIED
THAT EXCEEDS HIS OR ALLOWANCES
ENTITLEMENT TO
INCOME.
/"THAT IS