ABO Tax Reporting Requirements

According to the instructions from Inland Revenue Department (IRD), where the ABO opts to claim the 25% flat rate expense deduction, the ABO would not require to submit details of expenses and the IRD would not seek to examine the business records. However, ABOs should still maintain business records in accordance with Section 51C of the Inland Revenue Ordinance. When ABOs submit their tax returns, the following statement relating to the income from Amway would be acceptable to the IRD: