The following is the major ongoing obligations required by a limited company in Hong Kong. It only serves as a guideline and it is not a conclusive list.
Annual Return
Annual return is required to be filed to the Companies Registry within 42 days after the date of anniversary of incorporation, and then each year thereafter. Government filing fee is HK$105.
Business Registration Certificate
Business registration fee has to be paid to the Inland Revenue Department within 30 days after the date of anniversary of incorporation, and then each year thereafter. Government fee is HK$2,600.
Profit Tax Return
Generally, a newly incorporated business will receive its first Profit Tax Return about 18 months after the date of incorporation. Then, the annual execise to issue Profit Tax Returns in bulk takes place on the first working day of April each year. It is the practice of the Inland Revenue Department not to call for the annual submission of Profit Tax Return in instances where trade or business carried on does not give rise to assessable profits or where it has not commenced or has ceased and not recommenced. However, upon receipt of a Profit Tax Return which may be issued from time to time in the course of reviewing their future tax potential, the requirement to lodge the return form must still be complied with.
Profit Tax Return should be filed within one month from the date of issue.
Employer's Return
Employer's return is the filing of payroll information to the Inland Revenue Department for the reconcilation of the salaries tax return filed by each employee. If an employer's return is sent to you, you are required to file it before 30 April of every year.
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