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Hong Kong company audit tax return is not on time what are the penalties?

Released Date: Nov 22,2021 Article Source: HUANZE

Hong Kong company tax is divided into two kinds, one is issued tax return, one is not issued tax return.

Hong Kong company tax returnThere are two kinds, one is issued tax return, one is not issued tax return. If you haven't filed a tax return, it's OK to file your tax return past the latest date for the year. Just file the final audit and file your taxes. If there is a tax return, this has a clear requirement. The new company's first tax return is3If you submit the audit report and tax return to the tax bureau within a month, you can apply for an extension. If you have made tax declaration before, you can apply for tax declaration to the latest submission date corresponding to the closing date according to the latest closing date.

Hong Kong company tax returnIf you do not make the tax declaration according to the latest tax time on the closing date, the tax bureau will impose a fine first. It's usually a fine1200Hong Kong dollars, the company has a previous penalty for not filing tax records on time3000Hong Kong dollars. Then complete the tax return within the time specified in the penalty notice. If you do not file your tax return within the penalty period, and the delay has been about one year, the tax office will take your company to court for judgment.

If the prosecution to the court will need to answer the lawsuit, the general answer to the fine instead of other penalties, then the court will be on the spot fine how much money, can pay. butHong Kong company tax returnThings still have to be done, and if they're not done, they'll be sued. If the lawsuit is not answered, then the court will rule that the company is forced to cancel, then the company will be removed from the list. If you want to restore the cost is very big, so it is better to do it on timeHong Kong company tax returnMatters, if the Hong Kong company does not use, go through the simple procedure to apply for cancellation.

Hong Kong company audit tax return is not on time what are the penalties?

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