[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

Annual Return – 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
  • Shareholder’s particular with shareholding
  • Director’s particular
  • Company Secretary’s particular

To notify Companies Registry once change of company’s 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

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