Major Government Reports - Hong Kong Corporation
| ย | Company Annual Report (Annual Return) | Business Registration Certificate Renewal (Business Registration) | Corporate Income Tax Report (Profit Tax Return) | Report of Employee Registration (Employer’s Return) |
When | Within 42 days from the Anniversary date of every year | Every year start from incorporation date | 1st -Within 18 months after incorporation date Reported annually after the financial year ended | From 1st day of April every year Return report within 1 month |
Government Charges / Income tax rate | โขWithin 42 days-HKD 105 โข42 days-3 months-HKD 870 โข3-6 months-HKD 1,740 โข6~9 months-HKD 2,610 โขAfter 9 months-HKD 3,480 | โขHKD250 (subject to Government) โขHKD 300 for late penalty | โขInitial HKD 2 million โ 8.25%, and 16.5% for remaining โขOffshore company possible to apply for a corporate tax exemption and a fee for applying for a corporate tax exemption for accounting firms | No government tax |
Documents required | Form NAR1 | Business Registration | Financial statements and supporting documents for the year CPA Audit Report | B.I.R 56A / I.R.56B |
Corresponding institution | Companies Registry (CR) | Inland Revenue Department (IRD) | Inland Revenue Department (IRD) | Inland Revenue Department (IRD) |
Notice | โขPenalties for not reporting on time โขSubsequent summons to court for further reporting โขFines up to HKD 50,000 | โขPenalties for not reporting on time โขSubsequent summons to court for further reporting | โขIf not reported within the deadline, an additional tax โขSubsequent summons to court for further reporting โขSubsequent court summons and bank assets freeze | โขPenalties for not reporting on time โขSubsequent summons to court for further reporting โขFines up to HKD 10,000 |
Annual Return โ Form NAR1 (Companies Registry)
- Within 42 days from the Anniversary date of every year
- Within 42 days – HKD 105
(waived fee from 1 Oct 2020 to 30 Sep 2022,
the fee waiver will not apply to late delivery of annual returns)
- Penalties for not reporting on time
- Subsequent summons to court for further reporting
- Fines up to HKD 50,000
To notify Companies Registry
- Company Name
- Company Number
- Registered Office Address
- Shareholderโs particular with shareholding
- Directorโs particular
- Company Secretaryโs particular
To notify Companies Registry once change of companyโs particular, the following common type but not limited to:
- Change of Director(s) / Company Secretary particular
- Change of Registered Office Address
- Change of Name of Company
- Resignation / Appointment of Director(s) or Company Secretary
- Allotment of Shares
