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To support businesses and practitioners in coping with their recent operational needs, the Inland Revenue Department has decided to further extend the due date for filing 2024/25 Profits Tax returns with Accounting Date Code ‘M’ (i.e. accounting date falling within 1 January 2025 to 31 March 2025) in paper form from 2 December 2025 to 15 December 2025. The due date for filing the tax returns electronically remainsunchanged (i.e. 2 January 2026). Despite this extension, tax representatives are encouraged to file as many returns as possible well before the further extended due date.

On October 3, the tax administration announced that, starting from October 6, 2025, the annual interest rate for tax saving bonds will change from the current 0.3417% to 0.2583%. Under the new rate, you can earn 0.0215 yuan in interest per 100 yuan each month. The interest on tax saving bonds is calculated using simple interest. Interest accrues from the purchase date until the date the bond is used to pay tax, calculated monthly, and interests can be earned proportionally for periods less than a month. Interest is only calculated when the bond is used to pay tax. If the principal value of the bond is returned to its holder, no interest is paid. The interest rate for tax saving bonds is based on the average 12‑month fixed‑term deposit rates for deposits of 100,000 to 499,999 yuan at three issuing banks, reviewed monthly. The new rate applies to all bonds purchased on or after October 6, 2025. Bonds purchased before that date will still use the rate in effect on the purchase date. The following table shows recent rates: - Bonds purchased on or after June 3, 2024 but before October 7, 2024: annual rate 0.8833% - Bonds purchased on or after October 7, 2024 but before November 4, 2024: annual rate 0.8000% - Bonds purchased on or after November 4, 2024 but before December 2, 2024: annual rate 0.7167% - Bonds purchased on or after December 2, 2024 but before January 6, 2025: annual rate 0.5500% - Bonds purchased on or after January 6, 2025 but before February 3, 2025: annual rate 0.4250% - Bonds purchased on or after February 3, 2025 but before October 6, 2025: annual rate 0.3417% - Bonds purchased on or after October 6, 2025 until further notice: annual rate 0.2583% Bonds will stop earning interest after 36 months.

The Inland Revenue Department (IRD) launched three new tax portals under eTAX today (July 22), namely the Individual Tax Portal (ITP), Business Tax Portal (BTP) and Tax Representative Portal (TRP), to further enhance the efficiency and user experience of electronic tax services. An IRD spokesman said, "The IRD is committed to promoting tax digitalisation and has been upgrading electronic tax services to provide convenience to taxpayers and enhance the efficiency, reliability and accuracy of return filing. The three new tax portals provide electronic tax services to individuals, businesses, and tax service agents respectively, allowing them to handle tax matters conveniently and efficiently." The ITP offers a centralised platform for users to manage their personal tax matters, providing functions such as tax return filing, personal particulars updates and viewing of tax positions. Individual users may also use the ITP on their mobile devices anytime, anywhere via the "eTAX" mobile application launched by the IRD today. The BTP is specifically designed for businesses to handle tax matters and compliance obligations electronically, including tax return filing and business registration. The TRP caters to tax service agents (tax representatives, company secretaries and other tax service providers) to facilitate them in managing clients' tax matters, including tax return filing and compliance tracking. "Profiles of existing eTAX users have been migrated to the ITP. They can use their registered information to log into the ITP. Businesses and service agents are encouraged to open an eTAX account as early as possible to handle tax matters electronically through the BTP and TRP in a safe, convenient and environmentally friendly way," the spokesman said.

In view of genuine operational difficulties faced by businesses and tax practitioners, the Inland Revenue Department has decided to extend the filing deadline for 2024/25 Profits Tax Returns for 'D' cases (i.e. those with accounting dates falling between 1 December 2024 and 31 December 2024). The original due date of 15 August 2025 will be extended by two weeks to 29 August 2025. However, tax representatives are encouraged to submit the majority of returns before the extended deadline.

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.

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