The first profit tax return after the company is registered in Hong Kong will be sent to the customer about 18 months later. If the customer makes an audit and returns the profit, it will be issued once every natural year. Then what if we cannot submit the return to the tax bureau within the prescribed time after we receive it? Could it be postponed?

We can apply for an extension if we cannot submit the tax return to the Inland Revenue Department within the specified time. There are two cases: the new company is established and receives the tax return for the first time. If the company is not clear about the filing process or other reasonable reasons lead to the delay, the general tax bureau will agree to apply for the extension with reasonable reasons. If there is a tax representative appointed, the Inland Revenue Department will consider automatically extending the deadline to the latest filing time corresponding to the closing date. If there is no tax representative appointed, the Inland Revenue Department will apply for an extension to the latest filing time according to the closing date determined by the company.

If the date of the year is set12month31Which may be deferred to the following year8month15Date, if the annual settlement date is set3month31Which may be deferred to the current year11month15Day.

CycloseThe company is committed to providing domestic and foreign customers with corporate audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.