Profits tax returns (BIR51 and BIR52), two-tiered rate planning, provisional tax, and replies to Inland Revenue Department queries.
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Tax & Accounting
The year of assessment runs from 1 April to 31 March, but a company's accounting year decides what it covers. Basis periods, IRD return dates, block extensions and provisional tax on one calendar.
Tax & Accounting
Hong Kong taxes three kinds of income and very little else. The rates for 2025/26 and 2026/27, what is not taxed, who files which return and when, and where a tax advisor earns the fee.
Tax & Accounting
The BIR51 is a Hong Kong company's annual profits tax return. When it is issued, when it is really due, the block extension dates by accounting-date code, what goes with it, e-filing rules, and what late filing costs.
Profits tax services in Hong Kong cover business tax returns, supporting computations and questions about how business profits are taxed.
Profits tax services in Hong Kong cover business tax returns, supporting computations and questions about how business profits are taxed. Compare advisers on their experience with your activities, the records they need and the work included beyond preparing the return.
Hong Kong profits tax applies to assessable profits arising in or derived from Hong Kong from a trade, profession or business, subject to the relevant rules. The Inland Revenue Department profits-tax overview explains the territorial basis and why the source of profits matters.
Describe the activities that earn the income, where they take place and how contracts are performed. Tell the adviser about overseas customers, related companies and any changes in the business. A foreign customer address alone is not a useful substitute for a full account of the activities.
Ask whether the engagement covers the tax computation, return preparation, supporting schedules and responses to follow-up questions. Clarify who prepares the financial statements and how the tax work is coordinated with the accountant and auditor.
Request a document list early. Useful records for an initial discussion include financial statements, the latest tax correspondence, a description of the business and details of unusual transactions. The adviser can then identify what else is needed for your circumstances.
Explain whether you want routine filing support or advice on a specific issue. Ask for separate scope and pricing for source-of-profits analysis, prior-year questions or dealings with the IRD. Avoid treating an advertised package as confirmation that every tax issue has been assessed.
Before signing, establish who reviews the work, how assumptions are documented and how you approve the return. Keep the computation and the records supporting it alongside the filed return.
See tax services in Hong Kong for related tax work and Hong Kong accounting services for the books and financial statements that support the tax work.
This is general information. A qualified professional can assess your circumstances; Justenda does not provide legal, tax or accounting advice.
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