HongKong Business Tax Return Filing
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Hong Kong business is popular for its favorable business environment, especially for its low tax regime, making it one of the most business-friendly areas around the world. Therefore, to have a basic knowledge on Hong Kong business tax return is a must for investors.
1. Hong Kong Business - Main Tax Types
a. Profits Tax:
Every business in Hong Kong is required to file tax return once for a year. Based on the types of business your company is classified into, including limited type and unlimited type, profit tax rate of your business in Hong Kong can be separately 16.5% and 15%.
b. Salaries Tax:
Depending on your salaries, since it has different levels.
2. Hong Kong Business - Tax Return Filing Categories
Generally speaking, Hong Kong business tax return can be classified into two types: zero tax return and profits tax return, which depends if your company has conducted business and get any profits from HK. If your company does not conduct any business during a year, you just need to file zero tax return to with the government; but if your company conduct business during this year, then your company is required to file profits tax return with bookkeeping and auditing.
3.Hong Kong Business - When to File
Generally, profits tax return should be filed within 1 month from the date of issue. The compliance date of submission is specified on page 1 of the profits tax return. But for a newly-established business in Hong Kong, your company is required to file it after about 18 months of registration once getting the taxation notice from Inland Revenue Department of HK.
Contact Us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82148419, 86-755-82143512, or emailing to susiehu@citilinkia.com.