The first tax return for a Hong Kong company is expected to be issued 18 months after it is registered. The Hong Kong company tax return is required to be completed together with an auditor's report and submitted to the Inland Revenue Department from the date of issue.
The first tax return is expected to be issued 18 months after the company is registered in Hong KongHong Kong company tax returnThe form will be completed and submitted to the Inland Revenue Department together with the auditor's report from the date of issuance. If the form cannot be submitted to the Inland Revenue Department within one month, you can also apply for an extension. Generally, the extension should not exceed three months, because the Inland Revenue Department will not agree if the extension is too long.
If it is not submitted on time after an extensionHong Kong company tax returnThe tax bureau will first issue a penalty notice, requiring the Hong Kong company to return the tax return, the auditor's report and the penalty notice to the tax bureau within the specified time. Generally, although the delivery time is agreed upon after the fine notice is issued, the delay in delivery will not be affected, as long as the delay is not too long.
If there is a long delay in submitting an audit report to the Inland Revenue Department after the penalty notice has been issuedHong Kong company tax returnTable, the tax bureau will Sue the Hong Kong company to the court, the court will issue a notice of appearance, requiring the Hong Kong company to appear in court to defend, the notice of appearance also has an agreed time, if the company can not appear in court within the specified time can also apply for an extension. If you receive a notice to appear in court has not appeared in court, the court will generally send a few times to appear in court notice, if still did not appear in court, the court will unilaterally pronounce, is generally a fine of about three thousand Hong Kong dollars.
If the company fails to pay the fine within the prescribed time after receiving the court's judgment, the court will issue an arrest warrant. After issuing the arrest warrant, the company will go to the office address of Hong Kong Company and seal up the goods or articles of Hong Kong Company to offset the fine, which is equivalent to compulsory execution.
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