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Planning your accounting and fiscal obligations in Hong Kong in 2022

This 2022, all companies in Hong Kong must file with the Inland Revenue Department ("IRD"), the annual tax returns corresponding to the fiscal year 2021/22.


The declarations that must be submitted to the IRD are the following:


1. Employer's Return;

2. Profits Tax Return; and

3. Individual Tax Return (for individuals only).


Below find a timeline with the deadlines for the submission of the declarations:


  1. Employers Return. Issued for companies to report the remuneration paid to their directors and employees as of March 31 of each year. The due date for submission is April 29, 2022.


  1. Individual Tax Return. Notification issued to taxpayers for the declaration of their personal income. The due date for filing the submission is June 2, 2022.


  1. Profits Tax Return. Issued on the first business day of April of each year. The filing due date is usually within a month from the date of issue of the return. Extension is available to certain companies (for example, for companies with an accounting year-end date of December 31, the filing due date can be typically extended to August 15).


We hope that this will serve to plan for your fiscal year. We remain at your disposal to answer any questions.


Sincerely,

La Nao Consulting


La Nao Consulting

Unit 19B, Golden Star Building,

20-24 Lockhart Road, Wanchai, Hong Kong


Contact

Alejandro Milán

Socio

a.milan@la-nao.com

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