Scope of application of tax relief by the Hong Kong Inland Revenue Department: If a taxpayer is subject to both salaries tax and profits tax, both salaries tax and profits tax will be subject to tax relief. For a taxpayer who has business profit or rental income and elects to be assessed under personal assessment, the amount of relief should be calculated on the basis of tax under personal assessment. This may differ from income not electing personal assessment. The ultimate amount of relief will have to be determined on the actual circumstances of each case.

Taxpayers who are eligible and intend to apply for personal assessment may complete the form2021/22Tax return for individuals for the year of assessment. Persons who have only salaries income but no operating profit or rental income do not have to choose personal assessment.

This relief will reduce taxpayers' costs2021/22Tax payable for the year of assessment. Taxpayers only need to file as normal2021/22Profits tax and individual returns for the year of assessment. For those issued before the passage of the legislation2021/22Tax returns for the year of assessment will be reassessed by the Inland Revenue Department. No application or enquiry is required.

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