Please note TIHK Secretariat Office will be closed early at 2:00 pm on 09 February, Chinese new year's eve.
Wish you a happy Lunar new year and good health....
Please note TIHK Secretariat Office will be closed early at 2:00 pm on 22 December (the Winter Solstice).
May the Winter Solstice bring you warmth and comfort as you gather with loved ones....
Warm Reminder on Profits Tax Return Filing Requirements
Please take note of the following new filing requirements when you do profits tax filing this year:
1. If you have any gross income during the basis period, you must submit your profits tax return together with all supporting documents (including financial statements and tax computation). Small corporations and businesses with gross income not exceeding HK$2 million will no longer be permitted to file their profits tax returns without supporting documents.
2. Where appropriate, you are required to electronically file (e-file) all relevant supplementary forms and other forms to be furnished with the profits tax return under the eTAX services provided at GovHK.
The Department has already enhanced the eTAX services to enable more corporations and businesses (excluding sole proprietorship businesses) to voluntarily e-file their profits tax returns together with financial statements and tax computations in inline eXtensible Business Reporting Language (iXBRL) format. As an alternative to paper filing of your profits tax return, you are...
Inland Revenue Department – Profits Tax Filing
The Inland Revenue Department (IRD) issued 2022/23 profits tax returns to corporations and partnership businesses on 3 April 2023. Particular attention should be paid to the following:
All corporations and businesses, regardless of the amount of their gross income and the mode of return filing, must submit profits tax return together with all supporting documents (including financial statements and tax computation). This includes small corporations and businesses with gross income not exceeding HK$2 million, which will no longer enjoy the exemption from furnishing supporting documents when filing their profits tax returns.
All relevant supplementary forms and other forms required to be furnished with the profits tax return must be e-filed under eTAX.
If a taxpayer chooses not to e-file the return, the taxpayer has to print and sign a paper Control List for the supplementary forms and/or other forms e-filed and then furnish the signed Control List together with the profits tax return and...