Frequently Asked Questions for the application for extension of filing tax returns in Hong Kong-Company Formation_Trademark Registration_Tax Service - Hong Kong CPA

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Taxation - Hong Kong

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Frequently Asked Questions for the application for extension of filing tax returns in Hong Kong

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The Hong Kong Inland Revenue Department (HKIRD) announced on 30 March 2020 the arrangements for issuance of tax returns for the year of assessment 2019/20. The following are frequently asked questions for the application for extension of filing tax returns in Hong Kong:

Q：

When will the HKIRD issue tax returns for the year of assessment 2019/20?

A：

HKIRD issued/will issue the tax returns for the year of assessment 2019/20 as follows:

Type of tax return	Issuance date
Employer’s Return	1 April 2020
Property Tax Return	1 April 2020
Profits Tax Return	4 May 2020
Tax Return for Individuals	1 June 2020

Q：

What is the time limit for filing those tax returns in Hong Kong?

A：

Hong Kong taxpayers and employers are generally required to file their returns within one month from the date of issue of the relevant return. However, extended due dates will be available for taxpayers who received profits tax return or tax return for individuals and are represented by a Tax Representative for the purpose of the Inland Revenue Ordinance. Please refer to the below table:

	Deadline for submission (without tax representative)	Deadline for submission (with tax representative)
Property Tax Return	within one month of issuance date	within one month of issuance date
Employer’s Return	within one month of issuance date	within one month of issuance date
Profits Tax Return
- First profits tax return	within three months of issuance date	Depends on the accounting year end date as per below/within three months of issuance date
- Accounting date between 1 April 2019 to 30 November 2019	within one month of issuance date	30 June 2020
- Accounting date between 1 December 2019 to 31 December 2019	within one month of issuance date	17 August 2020
- Accounting date between 1 January 2020 to 31 March 2020	within one month of issuance date	16 November 2020
- Accounting date between 1 January 2020 to 31 March who sustained allowable losses (“loss cases”) during the year	within one month of issuance date	1 February 2021
Tax Return for Individuals
- Not involving sole proprietorship business	within one month of issuance date	3 August 2020
- Involving sole proprietorship business	within three months of issuance date	2 November 2020

Q：

Will there be advantage if I file my tax return through electronic filing in Hong Kong?

A：

HKIRD will grant further extension for filing certain types of tax returns in order to promote electronic filing.

Type of tax return	Further extension to be granted upon electronic filing
Employer’s Return	No additional extension
Property Tax Return	Two weeks (automatic)
Profits Tax Return	Two weeks (by application)
Tax Return for Individuals	One month (automatic)

However, please note that there are certain conditions to be met in order to be eligible for filing tax returns electronically.

Q：

Will the HKIRD accept any application for further extension beyond the extended due dates?

A：

In general, requests for further extension of filing tax returns beyond the extended due dates will only be granted in the most exceptional circumstances in Hong Kong. Any request for such extension should be made in writing, in advance of the extended due date, with an explanation of why the tax returns cannot be filed within the extended due date, together with supporting evidence.

Q：

What is the consequence if tax returns are not lodged by the due date in Hong Kong?

A：

HKIRD will issue estimated tax assessments or penalty proceedings will be instituted if tax returns are not filed on time. Taxpayers will be exposed to the risk of legal action being taken by HKIRD under section 80 or 82A of the Inland Revenue Ordinance if they fail to file returns or do not file returns on time without reasonable excuse.

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