Hong Kong Taxation Service
Hotline: 86-755-82143348, Email:anitayao@citilinkia.com
Hong Kong tax return refers to the reports filed with the department of the Hong Kong Inland Revenue Department containing information used to calculate the taxes and tax declaration. Tax returns are generally prepared using forms prescribed by the tax authority.
Hong Kong taxes are among the lowest in the world, and the tax regime is simple and predictable. Hong Kong's simple and low tax system is a great attraction to foreign investors. This low fiscal burden for all, domestic or international players, corporatist and individuals alike make Hong Kong attractive.
Different Tax Return between limited & unlimited company
There are different types of tax returns and you need to report your tax liabilities on the appropriate one(s). Here you can learn more about these types of tax returns, their normal issue dates and how to obtain a duplicate tax return.
1. Tax Return – Individuals (BIR60)
Tax Return – Individuals (BIR60) is directed at individuals. It enables you to report all your employment income (including income from office and pension), profits from sole proprietorship businesses, rental income from solely owned properties as well as claiming deductions and allowances in one return.
2. Property Tax Return (BIR57 or BIR58)
Property tax returns are issued to joint owners, co-owners, corporations and bodies of persons. If you are the sole owner of the property, you should report your rental income in Tax Return – Individuals (BIR60).
3. Profits Tax Return (BIR51, BIR52 or BIR54)
If you carry on business in the form of a corporation, partnership business or if a non-resident person is chargeable to profits tax in your name, you should report the profits on profits tax returns. Your profits from the carrying on of sole proprietorship business should be reported in Tax Return - Individuals (BIR60).
4. Zero Tax Return
If the company doesn’t carry out business in the financial year, this company can directly carry out zero tax return. The new established company will received the profit tax return from the HK Inland Revenue Department after 18th months. And zero tax return must carry out in the following one month after receiving the profit tax return. The standard fee is 800 HKD.
Contact Us
If you have further queries, don’t hesitate to contact ATAHK anytime, anywhere by simply visiting ATAHK’s website www.3737580.net , or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to anitayao@citilinkia.com