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2025/26 profits tax filing season has commenced
On 1 April 2026, the Inland Revenue Department (IRD) issued bulk profits tax returns to taxpayers for the year of assessment 2025/26.
This alert draws your attention to the filing due dates for the 2025/26 profits tax returns and the requirement to notify the IRD of chargeability to tax where applicable.
Taxpayers who have notified the IRD in writing before March 2026 that they are Part 4AA Entities and are mandated to file their profits tax returns electronically from the year of assessment 2025/26 onwards, will automatically enjoy an additional one-month extension to file their returns, except for M-code cases with tax losses.
It is advisable for taxpayers to apply for a Business Account under the new Business Tax Portal (BTP) early and opt to receive IRD’s notices through the BTP Business Account. The e-filing of the 2025/26 profits tax returns as well as the filing of the top-up tax notifications and returns by Part 4AA Entities will have to be made through the BTP Business Account (or by their tax representative through the Tax Representative Portal).
Clients who have any questions regarding the registration of a BTP Business Account, the filing of their profits tax returns and the supplementary forms to the returns can contact their tax executives.