Hong Kong profit tax return schedule

Thinking of starting your new business in Hong Kong and lacking new business ideas?

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Hello, we would like to share with you a few thoughts on the tax return especially the timing and when your company is in due.

Hong Kong tax are charge on territory basis, i.e. HK Profits Tax is charged on every person carrying on a trade, profession or business in Hong Kong in respect of his profits arising in or derived from HK (excluding profits arising from the sale of capital assets).


If your HK registered company (United media system limited) not provided any service or trading any goods in HK, the profit derived in such business is not subject to HK Profits Tax (i.e. Offshore profits).


According to the statutory requirement under the Hong Kong law, your company is required to perform the first audit after 18 months from the date of incorporation. Hence, may I suggest you choose (say 31st December or 31st March) to be your financial year end date. The first audit will then cover a period from date of incorporation to 31st December/ 31st March.


Normally, Inland Revenue Department (IRD), the Hong Kong Tax Authority, will issue Profits Tax Return to the company which incorporated over 18 months.  The first Profits Tax Return should be submitted within THREE months from the date of issuance.  Once reporting the financial year end date to IRD, the submission deadline of the Profits Tax Return together with the audited financial statements (for 2013) are as follows:


Financial year end as at Tax filing date Documents ready for audit
1) 1st January to 31st March 2013 15th Nov 2013 Not later than 1st Sept 2013
2) 1st to 31st December 2012 15th August 2013 Not later than 1st June 2013
3) Other dates than (1) or (2) e.g. 30th June 2013 30th April 2014 Not later than mid of Feb 2014