Description

Introduction:

The Inland Revenue Department (IRD) is actively taking forward the implementation of mandatory e-filing of profits tax returns by phases.  Starting from 2023, taxpayers can e-file their profits tax returns together with the supporting documents (including financial statements and profits tax computations) in inline eXtensible Business Reporting Language (iXBRL) format on a voluntary basis.  To facilitate taxpayers in preparing the required iXBRL data files for financial statements and profits tax computations for the e-filing purpose, the IRD provides the IRD Taxonomy Package (the Taxonomy) and the IRD iXBRL Data Preparation Tools (including the Template Tool and Tagging Tool, collectively known as the Tools) which are available for download on the IRD website free of charge.

TIHK is pleased to invite the IRD to provide a series of exclusive hands-on training workshops on the use of the Tools designated for our members.  In these sessions, the speakers from the IRD will walk us through an overview of the Taxonomy and the Tools; and a step-by-step operation of the Tools, from preparation to generation of iXBRL finalized packages.  A complimentary 15-minute guided tour of the Inland Revenue Centre will also be arranged for interested participants prior to each workshop session.  Places are very limited.  Please don’t miss this valuable learning opportunity.