Inland Revenue Department (IRD) in Hong Kong
The Inland Revenue Department (IRD) in Hong Kong serves as the government agency responsible for the administration of taxes and duties. The department operates from its headquarters, known as the Revenue Tower in Wanchai, a significant landmark in the city. Its previous location was at Windsor House.
Responsibilities and Oversight
Under the leadership of the Commissioner of the IRD, the department administers various ordinances in Hong Kong, including the Tax Reserve Certificates Ordinance, Betting Duty Ordinance, Stamp Duty Ordinance, Business Registration Ordinance, Estate Duty Ordinance, Inland Revenue Ordinance, and Hotel Accommodation Tax Ordinance.
Mission and Vision of the IRD
The IRD in Hong Kong upholds core values such as professionalism, efficiency, fairness, and teamwork. Its mission is to provide excellent tax administration, contributing to the prosperity and stability of Hong Kong. The department fulfils its duties by efficiently collecting revenue, promoting compliance through enforcement, education, and publicity programs, providing courteous service to taxpayers, and fostering the development of its staff.
eTax Service for Taxpayers
The IRD offers an electronic service called eTAX, providing taxpayers with an efficient, secure, and environmentally friendly means of fulfilling their tax obligations. Users can access their eTAX account using their Taxpayer Identification Number (TIN) and eTAX password, allowing them to manage various tax-related matters online. Benefits of the eTAX account include filing tax returns, tracking outstanding tax returns or payments, updating personal and business particulars, estimating Salaries Tax payable, and making inquiries about personal tax matters. It also facilitates tasks such as applying for business registration, stamping property documents, and requesting assessment amendments.
In summary, the Inland Revenue Department in Hong Kong plays a crucial role in tax administration and revenue collection. Its commitment to professionalism and efficiency, coupled with its electronic services like eTAX, ensures that taxpayers can fulfil their obligations conveniently while contributing to the financial stability and prosperity of Hong Kong.
