Follow Hong Kong Investment Immigration and Hong Kong Economy: The Hong Kong Companies Ordinance stipulates that after a Hong Kong company is incorporated, it must file tax returns annually, regardless of whether the company is required to pay taxes. Newly incorporated Hong Kong companies are allowed to file their first tax return after 18 months, and annually thereafter.
Under normal circumstances, the Inland Revenue Department issues tax returns annually to individuals, sole proprietorships, partnerships, property owners, and limited companies. The relevant parties must complete and return the tax return along with the necessary information and documents to the Inland Revenue Department within one month of the date of issue (or within three months for newly incorporated companies). Profits tax returns are generally issued 18 months after the commencement of business. If the relevant party has not received a profits tax return from the Inland Revenue Department 18 months after commencing business, they should proactively inquire with the Inland Revenue Department regarding tax filing matters.
The Hong Kong Inland Revenue Department generally requires taxpayers to provide sufficient relevant documentation to verify the authenticity of the aforementioned issues in order to determine the source of the taxpayer's profits.