[Hong Kong] Annual Return Submission

Major Government Reports - Hong Kong Corporation

	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	•Within 42 days-HKD 105 •42 days-3 months-HKD 870 •3-6 months-HKD 1,740 •6~9 months-HKD 2,610 •After 9 months-HKD 3,480	•HKD250 (subject to Government) •HKD 300 for late penalty	•Initial HKD 2 million – 8.25%, and 16.5% for remaining •Offshore 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	•Penalties for not reporting on time •Subsequent summons to court for further reporting •Fines up to HKD 50,000	•Penalties for not reporting on time •Subsequent summons to court for further reporting	•If not reported within the deadline, an additional tax •Subsequent summons to court for further reporting •Subsequent court summons and bank assets freeze	•Penalties for not reporting on time •Subsequent summons to court for further reporting •Fines up to HKD 10,000