There is no precise reply to this simple question. It depends. The closer you are to a tax deadline, the longer it can take, since usually accountants are busier this time of the year. The
In short, yes. There is often a misunderstanding about this concept. If your company was engaged into any business transaction in or out of Hong Kong, it is mandatory to keep all data & proofs.
The Inland revenue department already gave an extension to fill PTR (profit tax return) for the year 2019-2020. If your tax return has a “M” code in the header, you have until November 30 in
If you have a company registered in Hong Kong that is over 2 years old, it is very likely that you received your PTR (profit tax return) for the year 2019-2020, these last few days. Most of the
There are usually 2 outcomes. Either you are required to accept a compound offer involving a penalty that is often 3.000HKD and obligation to submit your signed & filled in profit tax return to the
