XN000022-1978-07-03 — Page 3

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MONDAY, JULY 3, 1978

TAXPAYERS URGED TO REPORT INCOME BY JULY 18

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SALARIES TAXPAYERS WHO FAIL TO SUBMIT THEIR RETURNS TO THE INLAND REVENUE DEPARTMENT BEFORE JULY 18 MAY FACE PROSECUTION, A SPOKESMAN FOR THE INLAND REVENUE DEPARTMENT WARNED TODAY,

HE SAID A REMINDER HAD ALREADY BEEN SENT OUT TO INDIVIDUAL TAXPAYER AFTER THE INITIAL DEADLINE FOR SUBMITTING THE RETURN FORMS WAS DUE ON MAY 31.

HE SAID THAT ABOUT 42,000 OR 15 PER CENT OF THE 274,725 SALARIES TAX RETURN FORMS SENT OUT ON MAY 1, HAD NOT YET BEEN RETURNED TO THE DEPARTMENT..

+ I HOPE THOSE WHO HAVE NOT YET SUBMITTED THEIR RETURNS WILL DO SO AS SOON AS POSSIBLE.+

+ANYONE WHO FAILS TO COMPLY WITH THE EXTENDED DEADLINE WILL BE LIABLE TO A MAXIMUM FINE OF $2,000 AND TREBLE THE AMOUNT OF TAX WHICH HAS BEEN UNDERCHARGED, HE ADDED.

LAST YEAR A TOTAL OF 709 PEOPLE WERE PROSECUTED FOR NOT SUBMITTING THEIR RETURN FORMS.

THE SPOKESMAN EXPLAINED THAT EVERYONE TO WHOM A SALARIES TAX RETURN FORM HAD BEEN ISSUED WAS OBLIGED TO COMPLETE IT AND RETURN IT TO THE DEPARTMENT.

+HOWEVER IF ANYONE HAS NOT RECEIVED A RETURN FORM, THE LAW STILL REQUIRES HIM TO TAKE THE INITIATIVE BY NOTIFYING THE DEPARTMENT IF HE IS IN FACT CHARGEABLE TO TAX WHICH OCCURS WITH AN ANNUAL INCOME OF $12,500 AS A SINGLE PERSON OR $25,000 FOR A MARRIED ONE, + HE SAID,

+ENQUIRIES SHOULD BE DIRECTED TO THE COMMISSIONER OF INLAND REVENUE, GENERAL POST OFFICE BOX 132, HONG KONG, OR CALL 5-95731 EXTENSION 222,+

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