Tax Filing Requirement
In Hong Kong, profits arise in or derived from Hong Kong are liable for Hong Kong profits tax.
The tax return of the limited company or partnership is generally posted in April of each year and the salaries tax return is usually posted in May of each year from IRD. The deadline for submission of tax returns is 1 month.
New Tax Rate Introduce:
Starting 2018/2019, the HKSAR government introduces a favorable two-tiered profit tax rate. Under the two-tiered profits tax rates regime, the profits tax rate for the first $2 million of assessable profits will be lowered to 8.25% (half of the standard rate). Assessable profits above $2 million will continue to be subject to the rate of 16.5% for corporations.
Our team members are specialised and experienced in the Hong Kong Taxation System. We provide tax planning based on different clients’ situation in order to minimise your overall tax liability.
Our tax services include:
Please contact us for quotation and consultation.