Inland Revenue Department – 2025-26 Profits Tax Filing
The Inland Revenue Department (IRD) issues 2025/26 Profits Tax Returns to corporations and partnership businesses today.
To keep pace with the development in international tax administration and information technology, the IRD is actively promoting tax digitalisation.
Mandatory Electronic Filing (e-filing)
As part of the tax digitalisation journey, the IRD has committed to taking forward the full adoption of e-filing of Profits Tax Returns for corporations and unincorporated businesses (excluding sole-proprietorship businesses) by phases. Under the first phase of the implementation of mandatory e-filing, entities of in-scope multinational enterprise groups are mandated to e-file their Profits Tax Returns with effect from the year of assessment 2025/26 onwards.
Apart from the taxpayers subject to mandatory e-filing, other taxpayers are encouraged to file electronically their Profits Tax Returns together with the supporting documents (including financial statements and tax computations) in iXBRL format on a voluntary basis.
To facilitate taxpayers in preparing the required iXBRL data files, the IRD is providing the IRD Taxonomy Package and the IRD iXBRL...