image_pdfimage_print

Author Archives: hksar gov

Latest arrangements for Inland Revenue Department’s public services

     In view of the extension of the special work arrangements for government departments to August 23, the Inland Revenue Department announced today (August 14) that from August 17 it will continue to suspend the provision of all of its public services, except for the following:
     

Offices Opening hours
Central Enquiry Counter
(only for enquiries relating to tax clearance for taxpayers leaving Hong Kong)
From 9am to noon and from 1.30pm to 4pm,
Monday to Friday
Central Telephone Enquiry From 9am to 12.30pm and from 1.30pm to 4pm,
Monday to Friday
Business Registration Office From 9am to noon and from 1.30pm to 4pm,
Monday to Friday
Stamp Office From 9am to noon and from 1.30pm to 4pm,
Monday to Friday

     The department appeals to members of the public for their understanding that the above services will only be provided at a much reduced scale and that services in all other areas will not be provided at the service counters. They should also be prepared to experience a longer waiting time before they can be served. The department encourages the public to use electronic services to handle tax affairs as much as possible. A list of such services can be found in the department’s website at www.ird.gov.hk/eng/ese/index.htm.

     The department further announced that deadlines for tax payments (not applicable to Auto Tax Payment Service under the Tax Reserve Certificates Scheme), lodgement of objections and holdover applications, and submission of tax returns and information that fall between July 20 and August 23 will be automatically extended to August 24.

     The department will review the situation and make further announcements as necessary. read more

Analytical accounts of Exchange Fund

The following is issued on behalf of the Hong Kong Monetary Authority:
 
     The Hong Kong Monetary Authority (HKMA) released today (August 14) the key analytical accounts of the Exchange Fund at the end of July 2020.
      
     Foreign assets, representing the external assets of the Exchange Fund, increased during the month by HK$34.8 billion to HK$3,680.1 billion.
      
     The Monetary Base, comprising Certificates of Indebtedness, Government‑issued currency notes and coins in circulation, the balance of the banking system and Exchange Fund Bills and Notes issued, amounted to HK$1,801.4 billion.
      
     Claims on the private sector in Hong Kong amounted to HK$244.8 billion.
      
     The analytical accounts of the Exchange Fund are released in accordance with the International Monetary Fund’s Special Data Dissemination Standard and are referred to as the Analytical Accounts of the Central Bank under SDDS (annex).
 
*********************************************************
 
     At present, four press releases relating to the Exchange Fund’s data are issued by the HKMA each month. Three of these releases are issued to disseminate monetary data in accordance with the International Monetary Fund’s Special Data Dissemination Standard (SDDS). The fourth press release, on the Exchange Fund’s Abridged Balance Sheet and Currency Board Account, is made in accordance with the HKMA’s policy of maintaining a high level of transparency. For the month of August 2020, the scheduled dates for issuing the press releases are as follows:
 

August 7
(Issued)
SDDS International Reserves
(Hong Kong’s Latest Foreign Currency Reserve Assets Figures)
 
August 14
 
SDDS Analytical Accounts of the Central Bank
(Analytical Accounts of the Exchange Fund)
 
August 31
 
 
SDDS Template on International Reserves and
Foreign Currency Liquidity
 
August 31
 
Exchange Fund Abridged Balance Sheet and
Currency Board Account
 
   read more