31 January 2019
The SAT issued the revised IIT returns on 31 January 2019 which effective from 1 January 2019. If withholding agents are handling the declaration of IIT in full amount on behalf of taxpayers, they may complete the IIT taxpayer's basic information in the "Basic Information Form for Individual Income Tax (Form A)". If taxpayers are handling such tax matters with the in-charge tax authorities directly, they may use the "Basic Information Form for Individual Income Tax (Form B)" for completing their individual basic information.
The SAT issued the above public notice on revised IIT returns on 31 January 2019 which is effective from 1 January 2019.
The revised list of forms after the issuance of the Public Notice are as follows:
Appendix 1: Basic Information Form for Individual Income Tax (Form A)
When withholding and declaring IIT for all taxpayers and in full amount, the withholding tax agents should fill in the basic information of the natural-person taxpayer on this form.
Appendix 1: Basic Information Form for Individual Income Tax (Form B)
If natural persons are handling such matters with the in-charge tax authorities directly, they should fill in their individual basic information on this form.
Appendix 2: Reporting Form for Withholding of Individual Income Tax
This form is applicable to resident and non-resident individuals withholding IIT for various taxable income. Resident individual deriving salaries and wages and insurance and stock brokers deriving commission should calculate their taxes according to the cumulative method and report the relevant items on a monthly and accumulated basis. Resident individuals deriving taxable income apart from the above, and non-resident individuals deriving taxable income shall fill in the relevant items on a monthly basis.
Appendix 3: Self-Declaration Form for Individual Income Tax (Form A)
This form is applicable to taxpayers performing self-declaration of IIT to the in-charge tax authorities on a monthly or timely basis, such as resident individuals deriving income other than integrated gains and the withholding tax agent has not withheld the taxes; non-resident individuals deriving taxable income and the withholding tax agent has not withheld the taxes; and non-resident individuals deriving salaries and wages from 2 or more sources in the Mainland.
Appendix 4: Annual Self-Declaration Form for Individual Income Tax
This form is applicable for annual filing of resident individuals deriving integrated income in the Mainland.
Appendix 5: Individual Income Tax Return for Income from Business Operations (Form A)
This form is applicable for provisional IIT filing of sole traders, owners of sole proprietorship enterprises, partners in partnership enterprises, enterprises with contracted or leased operations, and individuals deriving gains from business activities performed in the Mainland. The IIT shall be calculated on a provisional basis according to actual accounts or on a deemed basis.
Appendix 5: Individual Income Tax Return for Income from Business Operations (Form B)
This form is applicable for annual IIT filing of sole traders, owners of sole proprietorship enterprises, partners in partnership enterprises, enterprises with contracted or leased operations, and individuals deriving gains from business activities performed in the Mainland. The IIT shall be calculated on actual accounts.
Appendix 5: Individual Income Tax Return for Income from Business Operations (Form C)
This form is applicable for the annual consolidated IIT filing of sole traders, owners of sole proprietorship enterprises, partners in partnership enterprises, enterprises with contracted or leased operations, and individuals deriving gains from more than one source of business activities performed in the Mainland.
Appendix 6: Record filing forms for partnership venture capital enterprises on an accounting basis
This form is applicable to venture capital enterprises (including venture capital funds), who should perform record filing to the in-charge tax authority according to the accounting of a single investment fund.
Appendix 7: Reporting form for Withholding of Individual Income Tax for venture capital enterprises based on the accounting of a single investment fund
This form is applicable to the withholding of capital gains derived by share transfer by venture capital enterprises based on the accounting of a single investment fund during the year.