前稅局評稅主任楊輝洪 Qualifications

Raymond Yeung Tax Consultant former Assessor of Inland Revenue Department * Service charge $500/hr

飛鴻稅務顧問 收費每小時五百元

yeungfhr@yahoo.com.hk * Tel /WhatsApp /WeChat 94735846  

稅務課程 * 書刊下載 * 飛鴻文選 * 稅例解讀 * 報稅服務 * 稅務咨詢 * 記帳系統 * 網站首頁

 


Correction of error or omission

 

Section 70 of IRO: An assessment is final and conclusive in the following situations:

  1. no valid objection or appeal to Board of Review or to court has been lodged within the time limit;

  2. the objection has been withdrawn or dismissed by Board of Review or by court; or

  3. where a revised assessment has been agreed under Section 64(3);

  4. where an assessment is determined by the Board of Review which refuses to refer the case to court on a question of law. 

Nevertheless, Section 60 empowers an Assessor to make additional assessment within 6 years  after the end of the year of assessment on matters that have not been determined under the objection. This 6-year time limit is extended to 10 year in case of fraud or willful evasion. Besides, Section 70A allows the Commissioner to revise the assessment to correct an error or omission within 6 years after the end of the year of assessment, even though the assessment has become final and conclusive under section 70.

 

In the Board of Review case No. 108/03, the time limit for application for correction of error under Section 70A is discussed. Press here for details.

 

Section 70 is only applicable to an 'assessment'. A statement of loss as agreed by the taxpayer with the Assessor is not final and conclusive under section 70 because it is not an 'assessment' - CIR v Yau Lai Man trading as L. M. Yau & company.

 

楊輝洪 Raymond Yeung 為你提供: * 飛鴻作品下載 * 寫好英文信件 * 基礎法律知識 * 實用稅務課程 * 英文速成課程 * 見工英語速成 * 中英文翻譯 * 中英文寫作服務 * 致稅局信件範本 * 飛鴻中文YouTube * 飛鴻英語YouTube * 稅務顧問服務

 

Tel/WhatsApp/WeChat :  94735846