The Hong Kong Inland Revenue Department or simply the Hong Kong Tax Authority (“IRD”) has now issued individual (salaries) tax returns for the tax year 2022/23 (yes, that green envelope) for completion.
Do you have a Hong Kong company or are you looking to set up one? Every Hong Kong company has to file an Annual Return, as stated Companies Ordinance.
The Hong Kong Inland Revenue Ordinance (“IRO”) imposes strict requirements for individual returns filings and aims at avoiding the filing of incorrect tax returns by the individuals. If those requirements are not met, the relevant punitive provisions empower the Commissioner of Inland Revenue, depending on: The nature and/or the degree of culpability of the offence […]
