Hong Kong Tax Filing Deadline June 4: What Salaried Workers Need to Know

Hong Kong’s Inland Revenue Department issued tax forms for the 2025/26 tax year on May 4. Salaried workers must file paper returns by June 4 or use e-filing by July 4 to gain an extra month. The tax year covers April 1, 2025 to March 31, 2026. Filing on time matters: late submission triggers penalties and potential loss of tax exemptions.

Filing Deadlines and Methods

Paper tax returns must reach the Inland Revenue Department by June 4, 2026. Electronic filers get automatic one-month extension to July 4, 2026. Self-employed workers face longer deadlines: paper forms due August 4, e-filing extended to September 4. The e-filing system allows taxpayers to see estimated tax liability before submission.

Tax Year and Income Reporting

The 2025/26 tax year runs from April 1, 2025 to March 31, 2026. Taxpayers report all income earned during this 12-month period, not calendar-year earnings. This includes salary from current employment, bonuses, part-time work, freelance income, and rental payments. Workers who changed jobs must declare total income from all employers combined.

Exemptions and Deductions for Salaried Workers

The basic personal exemption for 2025/26 is HK$132,000. Married couples receive HK$264,000, and each child qualifies for HK$130,000. Salaried workers can deduct mandatory provident fund contributions up to HK$18,000, voluntary health insurance up to HK$8,000, and qualified retirement annuities or TVC contributions up to HK$60,000 combined. Mortgage interest deductions reach HK$100,000 annually, or HK$120,000 for parents living with children.

New Crypto Reporting Rules and Late Filing Penalties

The Legislative Council will introduce the Inland Revenue Amendment Bill on June 3 to establish a crypto-asset reporting framework aligned with international standards. Late tax filing carries severe consequences: the Inland Revenue Department can impose penalties and strip away all tax exemptions. Taxpayers who miss deadlines face fines and potential prosecution.

Final Thoughts

Hong Kong salaried workers have until June 4 for paper filing or July 4 for e-filing. Report income from April 2025 to March 2026 and claim all eligible deductions to minimize tax liability. File on time to avoid penalties and exemption loss.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.