Simplified Tax Return Filing for Individuals: Year of Assessment 2023/2024

The Inland Revenue Department (IRD) has introduced a Simplified Scheme for filing Individual Income Tax (IIT) returns, making e-filing easier and more accessible for eligible taxpayers. This initiative is designed to streamline the process and encourage timely submission of returns for the assessment year 2023/2024.

Eligibility Criteria:
The IIT Simplified Return Scheme is specifically available to individuals who fall into one of the following categories:

• Individuals with only primary employment income.
• Those receiving only interest income, provided that Advance Income Tax (AIT) has been deducted by a bank or financial institution.
• Individuals earning both primary employment income and interest income.
• Individuals filing a Nil Return.

Taxpayers who do not meet these criteria or have additional deductions or qualifying payments beyond personal relief must use the Standard Return of Income scheme instead.

Support for Senior Citizens:
For senior citizens facing difficulties in e-filing, assistance is available at the IRD’s Head Office and regional branches, ensuring everyone can comply with their tax obligations.

Deadline and Important Information:
All registered taxpayers must submit their returns for the assessment year 2023/2024 by November 30, 2024. The IRD emphasizes the importance of filing returns ahead of the deadline to avoid last-minute issues.