News

The 2024/25 tax returns for individuals were issued on 2 May 2025. Taxpayers are required to file duly completed returns to the Inland Revenue Department (IRD) within 1 month from the date of issue of the returns. The deadline falls on 2 June 2025. For sole proprietors, returns should be filed within 3 months, i.e. on or before 2 August 2025.

The Accounting and Financial Reporting Council (AFRC) today announces its Strategic Priorities for 2025-2027, to support the discharge of its statutory function. The AFRC's strategic priorities for 2025-2027 are based on four key pillars: Regulation: Upholding the quality of financial reporting and audit, thereby safeguarding stakeholder and public interests. Governance: Cultivating a healthy environment based on high-quality financial reporting and audit through robust governance. Development: Promoting the development of the accounting profession by advocating sustainability, digital transformation, and talent management. Organisational Effectiveness: Driving effective outcomes through efficient processes. For details, please visit: https://www.afrc.org.hk/media/stsjhckc/afrc-strategic-priorities.pdf

Employers must complete and submit the 2025 Salary and Pension Tax Return on or before May 2, 2025.