Time Limit For Tax Rebate Should Be Extended
10 Aug 2006I refer to the letter on 30 July 2006 by Ms Ling Ling who expressed concern that she would not be able to utilize her Special Tax Rebate within the stipulated time limit. Ms Ling Ling proposed that the time limit be extended.
2. The Special Tax Rebate (STR) scheme, which had a time limit of 9 years, has been replaced with the new Parenthood Tax Rebate (PTR) scheme as part of the package of Marriage and Parenthood measures announced in 2004. Unlike the STR, the PTR has no time limit. Ms Ling Ling would be pleased to know that as any remaining balance of the STR in the Year of Assessment 2004 has been automatically transferred to the new PTR scheme, there is now no time limit for claiming her tax rebate.
HARVEY KOENIG
DEPUTY DIRECTOR (TAX POLICY)
MINISTRY OF FINANCE