Hong Kong Tax Season
April is fast approaching and with it the beginning of the tax season. The Inland Revenue Department (“IRD”) will issue the Profits Tax Returns (“PTR”) for the year of assessment 2020/21. We would like to take the opportunity to recap some basic information on how the tax system and administration work in Hong Kong. 1. The IRD and your role as a taxpayer; What should you know? The IRD is the government body responsible for the tax administration and collection. As a taxpayer