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Hong Kong Profits Tax – Definition of a Body of Persons According to Section 14 of the Hong Kong Inland Revenue Ordinance, profits tax shall be charged for every person carrying ...
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Hong Kong Profits Tax - Corporation Section 14 of the Inland Revenue Ordinance levies profits tax on every person carrying on a trade, profession or business in Hong Kong in respe...
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Hong Kong Profits Tax – Requirements for Keeping Business Records Section 51C of the Inland Revenue Ordinance requires every person carrying on a trade, profession or business in...
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Hong Kong Profits Tax - Non-Hong Kong residents Section 14 of the Hong Kong Inland Revenue Ordinance (“IRO”) states that profits tax shall be charged for each year of assessment...
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Hong Kong Profits Tax – Computation of Profits Tax Liability This below pro-forma may assist you to prepare the profits tax computation of your company/business. HK$ HK$ Net...
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Hong Kong Profits Tax – Application for Holding Over of Provisional Profits Tax You may apply in writing for holding over all or part of your provisional profits tax for a year o...
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Hong Kong Profits Tax – Introduction Profits tax is levied under the Inland Revenue Ordinance on the “assessable profits” of corporate entities, partnerships, trusts and sole p...
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Hong Kong Profits Tax – Current Major Profits Tax Rates (1) Hong Kong Normal and Two-Tiered Rates The Hong Kong profits tax rates applicable to corporations are as follows: Ty...
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Hong Kong Profits Tax – Expenditures with Special Deduction Rules/Tax Relief Generally, all outgoings and expenses, to the extent to which they have been incurred by the taxpayer...
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Hong Kong Profits Tax – Filing Requirements and Payment of Tax Filing Requirements In general, Profits Tax Return (“PTR”) must be completed and submitted to the Hong Kong Inla...
