If a Hong Kong company has opened a bank account outside Hong Kong (that is, it has not opened an account with a local bank in Hong Kong), it can only pay the profits tax by telegraphic transfer if it is unable to pay the tax in person at the Inland Revenue Department counter after receiving the profits tax payment notice from the Hong Kong government.

In this case, a letter (orE-MAIL) Inform the tax officer, who please inform the tax office of the bank information.

After receiving the reply from the Tax Officer, in order to ensure that the Inland Revenue Department can recognize the payment made by us, we need to inform the bank to indicate the company's tax file number and the collection account number on the tax payment notice when remitting the money to the Inland Revenue Department account. Remittance without the file number and receiving account number may not be accepted by the Inland Revenue Department. 

In addition, the Inland Revenue Department will not be responsible for any bank charges relating to the remittance. Therefore, the agent bank of a Hong Kong company should ensure that the amount remitted to the Inland Revenue Department account is the correct amount of tax payable by the Hong Kong company after deducting bank charges before remitting funds to the Inland Revenue Department account. 

It should also be noted that tax payments by telegraphic transfer are not normally accepted by the Inland Revenue Department. This special arrangement does not mean that tax may be paid by telegraphic transfer in the future without notifying the Inland Revenue Department. In addition, in order to enable the tax bureau to identify our remittance, we also need to send the remittance record to the tax bureau after remittance.

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