For limited companies incorporated in Hong Kong, submitting annual tax returns accurately and on time is essential. Understanding the company tax submission timeline and requirements helps ensure compliance and avoids penalties for late or incorrect filings. This guide by NOVA explores tax filing deadlines, key requirements, and important considerations for Hong Kong limited companies.
What’s the Difference Between Fiscal Year and Year-End Date?
For limited companies incorporated in Hong Kong, submitting annual tax returns accurately and on time is essential. Understanding the company tax submission timeline and requirements helps ensure compliance and avoids penalties for late or incorrect filings. This guide by NOVA explores tax filing deadlines, key requirements, and important considerations for Hong Kong limited companies.
New Company Tax Filing Timeline
The Inland Revenue Department typically issues the first new company tax return about 18 months after incorporation. For new company tax filings, the deadline is 3 months from receiving the tax return. Note that extensions are not permitted for first-time filings.
Limited Company Tax Submission Deadlines
The Inland Revenue Department usually issues annual tax returns on the first working day of April. Companies must submit their company tax submission within 1 month of receiving the return. The exact deadline is printed on the first page of the tax return.
Extensions for Profit Tax Returns
Companies with tax representatives may apply for extensions based on their fiscal year-end:
- Code N (April 1, 2024 –November 30, 2024): No extension
- Code D (December 1, 2024–December 31, 2024): Extended to August 15, 2025
- Code M (January 1, 2025–March 31, 2025): Extended to November 17, 2025
- Code M Loss-making companies: Extended to February 2, 2026
Unlimited Company Tax Submission Deadlines
Unlimited companies (partnerships/sole proprietorships) follow slightly different company tax submission rules and do not require audited reports.
Partnership Tax Filing
Tax returns are issued on the first working day of April. Partnerships must file Form BIR52 within 1 month but may apply for extensions under the same rules as limited companies.
Sole Proprietorship Tax Filing
Returns are issued on the first working day of May. Sole proprietors must complete Part 5 of Form BIR60 (individual tax return) within 1 month. Extensions are generally not allowed unless under exceptional circumstances.
Hong Kong’s company tax submission process is complex and time-consuming, involving extensive documentation and regulatory compliance. To save time and ensure accuracy, entrust your tax filings to NOVA’s expert consultants, allowing you to focus on core business growth.
Our services include:
- New company tax registration and filing
- Company tax submission for limited/unlimited companies
- Full compliance with Hong Kong tax laws
Contact NOVA today for stress-free tax filing!
Frequently Asked Questions (FAQ)
Do dormant companies need to file tax returns?
Yes. Even inactive companies must submit tax returns and audited reports.
If I don’t receive a tax return, am I exempt from filing?
No. Companies with taxable profits must proactively request Form BIR51 from the Inland Revenue Department.
