Taxation Filing Requirement

Issue of Profits Tax Return & Filing Deadline

  1. Once a company has been incorporated for 18 months, the IRD would issue the first profits tax return to the Company.  Thereafter, the IRD will issue the return on April 1 every year.The IRD requires the Company to submit the return with audited financial statements and profits tax computation within one month from the date of issue.
  2. The filing due date can be extended according to the company’s accounting year end date:
    Accounting year end date falling into: Extended filing due date
    April 1 to November 30 April 30 (of the next year)
    December 1 to December 31 August 15 (of the next year)
    January 1 to March 31 November 15 (same year)

    Each company may decide its own accounting period/year end date which can be any period of 12 months.

  3. If the first set of accounts is made up for a period in excess of 12 months, the Company may need to file more than one Profits Tax Return with the profits apportioned according to certain rules.
  4. A company not having commenced any business or generated any taxable profits in a year of assessment also has to file a return to IRD on time if requested to do so.
  5. According to the Hong Kong Companies Ordinance, the directors of a company are responsible for preparing financial statements with auditors’ report for presentation in Annual General Meeting, i.e. a company must have the financial statements audited even Profits Tax Return filing is not required.