Hong Kong company tax filing
Returns prepared, deadlines tracked and IRD enquiries handled.
| Profits tax return (BIR51) | From HK$1,000 |
|---|---|
| Individual return (BIR60) | From HK$1,000 |
| Property tax (BIR57/58) | From HK$1,000 |
| Employer return (IR56B/56M) | From HK$1,000 |
Hong Kong profits tax rates
Hong Kong companies generally pay profits tax on a two-tiered basis: 8.25% on the first HK$2,000,000 of assessable profits and 16.5% thereafter. Rates and concessions may change; the IRD's latest guidance prevails.
When is the return issued?
The IRD generally issues the first profits tax return about 18 months after incorporation and annually thereafter. The actual issue date and filing deadline are set by the IRD; a company should not assume that no return means no obligation.
Filing process
- Collect accounts, financial statements and supporting documents.
- Review income, expenses and adjustments.
- Prepare and file the return.
- Apply for an extension or provide further information if needed.
- Follow up on IRD enquiries and assessments.
Extensions and tax representation
If a return cannot be completed by the deadline, a tax representative can apply for an extension. The IRD decides whether to grant it and for how long. We can act as your tax representative and handle correspondence, objections and enquiries.
Fees
| Service | Fee |
|---|---|
| Profits tax return (BIR51 / BIR52) | From HK$1,000 |
| Individual return (BIR60) | From HK$1,000 |
| Property tax return (BIR57/58) | From HK$1,000 |
| Employer return (IR56B/56M) | From HK$1,000 |
Frequently asked questions
What is the Hong Kong profits tax rate?
Companies generally pay 8.25% on the first HK$2,000,000 of assessable profits and 16.5% thereafter; the IRD's latest guidance prevails.
When is the first tax return due?
The IRD generally issues the first profits tax return about 18 months after incorporation.
What if we receive no tax return?
The company may still have filing obligations; check with the IRD or ask us.
Can you apply for an extension?
Yes, we can apply as tax representative; the IRD decides whether to grant it.
What happens if filing is late?
Penalties, estimated assessments or other enforcement action may follow; deal with it as early as possible.
Received a tax return or IRD letter?
Send us the document and we will confirm the deadline and the information needed.