The Government announced on 04 May 2026 that Wang Fuk Court residents are waived from tax for 2025/26 and balance for 2024/25 due to fire impact, with IRD issuing returns in Q3 2026 for 2026/27 assessment.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On 04 May 2026, the Government announced today (May 4) that Wang Fuk Court property owners and residents are exempted from the final tax payable for the year of assessment 2025/26 to alleviate financial burdens on fire-affected individuals. Issued at HKT 13:30 by the Information Services Department.
# Scope of Tax Relief
Concurrent with the tax waiver announced last December, Wang Fuk Court property owners and residents will be waived from the balance of tax payable for the year of assessment 2024/25 and the tax payable for the year of assessment 2025/26.
# IRD Administrative Process
The Inland Revenue Department will issue tax returns for individuals to the abovementioned persons in the third quarter of this year to assess their provisional tax for the year of assessment 2026/27.
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