BIR60 Tax Return - Individuals: Eligibility and Deductions
How to Fill in and Submit Your BIR60 Tax Return in Hong Kong
If you are an individual taxpayer in Hong Kong, you may receive a tax return form called BIR60 from the Inland Revenue Department (IRD) every year. This form is used to report your income from different sources, such as salaries, property or sole proprietorship business, and to elect personal assessment or claim deductions and allowances. Filing your tax return correctly and on time is important to avoid penalties and interest charges. In this article, we will explain what BIR60 is, who should file it, how to complete it and supplementary forms, when and how to file it, and some common questions and answers.
What is BIR60 and who should file it?
BIR60 is the tax return form for individuals in Hong Kong
BIR60 is the tax return form for individuals (also known as Tax Return - Individuals) issued by the IRD every year. It covers three types of income that are subject to tax in Hong Kong: salaries tax, property tax and profits tax from sole proprietorship business. It also allows you to elect personal assessment, which is a way of aggregating your income from different sources and calculating your tax liability based on the total income. Personal assessment may reduce your overall tax burden if you have losses or deductible expenses from some sources of income.
You should file BIR60 if you have income from salaries, property or sole proprietorship business
If you receive BIR60 from the IRD, you must complete and submit it within the time limit specified in the form, even if you do not have any income to report. Generally, you will receive BIR60 if you have income from salaries, property or sole proprietorship business in Hong Kong during the year of assessment (from 1 April of one year to 31 March of the following year). However, even if you do not receive BIR60, you are still required to notify the IRD in writing if you have any chargeable income that has not been reported or assessed.
You should also file BIR60 if you want to elect personal assessment or claim deductions and allowances
Besides reporting your income, you can also use BIR60 to elect personal assessment or claim deductions and allowances that can reduce your taxable income or tax payable. For example, you can claim deductions for home loan interest, elderly residential care expenses, self-education expenses, charitable donations, etc. You can also claim allowances for yourself, your spouse, your dependants, etc. However, some deductions and allowances are subject to conditions and limits, so you should read the related tax rules carefully before claiming them.
How to complete BIR60 and supplementary forms?
Read the Guide to Tax Return - Individuals and the related tax rules carefully
The IRD provides a Guide to Tax Return - Individuals that explains how to complete BIR60 step by step. You can download the guide from the IRD website or request a copy from the IRD by phone or email. You should also read the related tax rules and circulars on the IRD website to understand the tax implications of your income and deductions. If you have any doubts or questions, you can contact the IRD for clarification or seek professional advice.
Download the specimen of BIR60 with some key points to note and examples
The IRD also provides a specimen of BIR60 with some key points to note and examples on how to fill in the form. You can download the specimen from the IRD website or request a copy from the IRD by phone or email. The specimen can help you to avoid common mistakes and omissions when completing BIR60. You should follow the instructions and format of the specimen as closely as possible.
Fill in all the relevant boxes and provide full information
You should fill in all the relevant boxes in BIR60 and provide full information about your income, deductions, allowances, personal assessment election, etc. You should also sign and date the declaration at the end of the form. You should use black or blue ink and write clearly and legibly. You should not use correction fluid or tape to amend any errors. Instead, you should cross out the incorrect entry and write the correct one above or beside it. You should also attach any supporting documents, such as receipts, invoices, statements, etc., to substantiate your income and deductions.
Use the supplementary forms to report additional income or deductions
If you have income or deductions that cannot be reported in BIR60, you should use the supplementary forms provided by the IRD. For example, if you have income from more than one property, you should use Form BIR58 to report the details of each property. If you have income from more than one sole proprietorship business, you should use Form BIR52 to report the details of each business. If you have deductions for self-education expenses, you should use Form IR56E to report the details of each course. You can download the supplementary forms from the IRD website or request a copy from the IRD by phone or email. You should fill in and submit the supplementary forms together with BIR60.
When and how to file BIR60?
The filing deadline depends on whether you have sole proprietorship business or not
The filing deadline for BIR60 depends on whether you have sole proprietorship business or not. If you do not have sole proprietorship business, you should file BIR60 on or before 31 May of each year. If you have sole proprietorship business, you should file BIR60 on or before 15 July of each year. However, if the filing deadline falls on a Saturday, Sunday or public holiday, you can file BIR60 on the next working day.
You can apply for extension of time for filing in writing under special circumstances
If you cannot file BIR60 within the time limit due to special circumstances beyond your control, such as illness, accident, natural disaster, etc., you can apply for extension of time for filing in writing to the IRD. You should explain the reasons for your application and provide supporting evidence, such as medical certificates, police reports, etc. You should also indicate when you expect to file BIR60. The IRD will consider your application on a case-by-case basis and inform you of their decision. However, you should not assume that your application will be granted automatically and you should file BIR60 as soon as possible.
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You can request for a duplicate return if you lose or damage the original one
If you lose or damage the original BIR60 issued by the IRD, you can request for a duplicate return from the IRD by phone or email. You should provide your name, Hong Kong identity card number, address and the year of assessment of the return. The IRD will issue a duplicate return to you by post. You should fill in and submit the duplicate return within the time limit specified in the form. You should not use a photocopy or a downloaded copy of BIR60 to file your tax return, as it may not be accepted by the IRD.
You can file BIR60 by paper or by electronic means through eTAX
You can file BIR60 by paper or by electronic means through eTAX, which is the online tax service platform provided by the IRD. If you file BIR60 by paper, you should mail or deliver the completed form and the supporting documents to the IRD. You should keep a copy of the form and the documents for your own record. If you file BIR60 by electronic means, you should use eTAX to fill in and submit the form and the documents online. You should also print out and keep a copy of the acknowledgement receipt for your own record. Filing BIR60 by electronic means has some advantages, such as faster processing, longer filing