Profit tax return

Normally, a tax return for each year of assessment will be issued to individuals, sole proprietor, partnership, limited company incorporated in Hong Kong, and company incorporated elsewhere but with a business establishment in Hong Kong.

Individuals and companies must fill out the return and submit them to Inland Revenue Department (IRD) within one month from the date the return is issued or other dates as specified in the tax returns. Companies can apply in writing to IRD for an extension of time for filing of any returns they received before the deadline stated in the tax return. You can appoint us as your tax representative or request us to handle the extension and objection procedures for you.

All items in the Profits Tax Return must be completed fully and properly. Return should be filed on time, together with the following documents (collectively called "Supporting Documents")

For Hong Kong Limited companies,
-       a certified copy of Statement of Financial Position/Balance Sheet, Auditor's Report where required by Hong Kong or foreign Law or has otherwise been prepared and Statement of Comprehensive Income/Profit and Loss Account in respect of the basis period;
-       a tax computation with supporting schedules showing how the amount of Assessable Profits (or Adjusted Loss) has been arrived at;
-       other documents and information as specified in the Notes and Instructions.