Taxation Services
The Hong Kong Inland Revenue Department (IRD) requires all limited companies registered in Hong Kong (except dormant companies) to submit audited financial statements prepared by a practising CPA together with their tax returns.
The IRD issues tax returns to individuals and companies every year, but most taxpayers do not know how to handle them due to unfamiliarity with tax issues.
With our extensive tax knowledge and experience, we provide professional tax planning and advice, including corporate tax filing and accounting tax filing. We assist clients in developing and implementing plans, conducting regular reviews and assessments, helping taxpayers pay the minimum tax legally allowable, and enjoying the best tax benefits through legal means.
We offer one-stop tax filing services, including: applying for tax filing extensions, accounting bookkeeping, tax planning, and filing Profits Tax Returns. A dedicated account manager directly follows up with each client, ensuring the company applies for tax return extensions and files tax returns on time, fully complying with legal requirements.
📌 Frequently Asked Questions
The filing deadline is usually one month after receiving the Profits Tax Return. Tax returns are generally issued on the first working day of April each year. Under the "Block Extension Scheme", companies can apply for an extension to file their tax returns. For companies with a financial year ending on December 31, the filing deadline is generally mid-August; for those with a year ending on March 31, it is generally mid-November. At the beginning of each year, the IRD publishes a circular on its website for tax representatives, detailing the arrangements for the Block Extension Scheme and how to apply for a block extension.
Late submission of a Profits Tax Return may result in penalties. The IRD will impose a surcharge on overdue tax payments. The current standard is a 5% surcharge on the total outstanding tax amount, and the second installment of tax will be deemed immediately due. If the tax remains unpaid six months after the due date, the IRD will levy an additional 10% surcharge.
For a newly incorporated company in Hong Kong, the first Profits Tax Return is usually issued by the IRD about 18 months after the date of incorporation.
18 months after incorporation, and subsequently each year, the audit generally needs to be completed by the financial year-end. The filing deadline is usually one month after receiving the tax return, and Profits Tax Returns are typically issued on the first working day of April each year.
Except for dormant companies and those whose place of incorporation does not legally require an audit of financial statements, all incorporated entities must submit audited financial statements together with their tax returns.
- Balance sheet, profit and loss statement, accounting ledgers including general ledger (if available)
- Bank statements, passbooks, and cheque stubs (including current, savings, fixed deposit, and foreign currency accounts)
- Expense invoices and receipts (including petty cash reimbursements)
- Salary and MPF records such as employee tax returns, MPF statements, salary receipts
- Lease agreements, bank loan/overdraft/mortgage documents
- Vehicle registration document, installment contract documents (vehicle/machinery)
- Previous year's auditor's report, relevant tax computation schedules, IRD assessment notices, and payment demands
- Meeting minutes and company secretary documents (Annual Return and documents filed with the Companies Registry)
- Tax return
Our Location
Office Address
Flat A, 13/F, Waterloo Plaza, 53-55 Waterloo Road, Mongkok, Kowloon, Hong Kong
Business Hours
Monday to Friday: 9:30 AM - 12:30 PM and 2:30 PM - 5:30 PM
Saturday, Sunday & Public Holidays: Closed