Background
- HK tax department (Inland Revenue Department) (IRD) needs to assess tax liability of each company;
- Profits tax rate is around 16.5% [ Tax Rates ]
- Sample : Profits Tax Return for limited liability company
- usually April of each year;
- 1st time - around 18 months after company is incorporated;
- if client is using our Register Address parking service, IRD will send the return to us;
- our company will give notice to client for this;
- deadline to file is usually 1 month after issue date of the return;
- if 1st time, deadline to file is 3 months after issue date of the return;
- can extend the deadline - which depends on the annual accounting cutoff of the company;