WebHong Kong’s Tax Year. The tax year in Hong Kong follows the fiscal year starting in April, and not the calendar year from January to December. As the fiscal year of Hong Kong ends on March 31st, the PTRs also follow this same model. Therefore the 2024 (2016/17) PTR will be for the period from April 1st, 2016 until March 31st 2024. WebCorporate income tax rate 17% (18.19% including unemployment fund contribution), plus municipal business tax of 6.75%-10.5% Branch tax rate 17% (18.19% including unemployment fund contribution), plus municipal business tax of 6.75%-10.5% Capital gains tax rate Exempt under certain conditions; 17% (18.19% including
Personal Income Tax in Hong Kong: A Tax Guide Acclime Hong Kong
http://alcpa.com.hk/Important-deadlines-on-profits-tax-filing-in-Hong-Kong WebApr 25, 2024 · TLDR: There is a two-tiered profit tax regime for corporations in Hong Kong. First HK$2,000,000 profits will be charged on 8.25%, and the remaining will be charged on 16.5%. Your company’s first profit tax return form will be issued 18 months after your incorporation. Thereafter, it will be issued on the first working day of April every year. heart shaped hot pads
Filling Profits Tax of HK Limited Company
WebDec 31, 2024 · The Hong Kong Inland Revenue Department has issued press releases announcing deadline extensions for tax payments and returns and for CbC report … WebApr 1, 2024 · To report to the IRD all earnings paid to your employees working in Hong Kong, you would need to submit the following forms: BIR56A and IR56B: Employer’s Return forms, as shown in the samples above. IR56E: Form submitted when hiring a new staff. IR56F: Form submitted when you end the contract of an employee or upon their death. WebTaxpayers are required to complete and send the tax return back to the Inland Revenue Department (IRD) within 1 month from the date of issue of the return (i.e. on or before 2 July 2024). For sole-proprietors of unincorporated businesses, the deadline for submission is … Consequence of Not Paying Tax on Time; Recovering Tax in Default; Statement of … mousehunt community tools