Comprehending the Particular Profits Tax Return Fiscal Year in Hong Kong
Every April, businesses that operate in Hong Kong get Profit Tax Return forms from the Inland Revenue Department (IRD).
The tax return form's first page contains the date of issuance. If the paperwork cannot be turned in by the deadline of one month, a request for an extension may be approved.
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Additionally, businesses have the option to use Hong Kong e-Tax to file their profit tax returns and additional documents online. The earnings tax return will be issued by the IRD 18 months following the date of formation if the firm is a recently registered entity.
The tax year in Hong Kong is different from the regular calendar year; it starts in April and ends on March 31 of the following year. Businesses may synchronize their financial and tax reporting...