Section/Rule No. Our Services. Furthermore, the Inland Revenue Department also issues Departmental Interpretation and Practice Notes (DIPNs) from time to time to clarify and elaborate on the tax rules and to smoothen the tax collection process. For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance. All data on this website are provided and updated by respective bureaux / departments. Hong Kong: The Inland Revenue Department shares its views on certain salaries tax issues . “The Inland Revenue Department only started preparing the tax bills after that. In June, 2020 the Inland Revenue Department ("IRD") issued Departmental Interpretation and Practice Note 61 (" ... Thirdly, OFCs receive exemptive relief for a wider range of investments, meaning that Hong Kong based OFCs may be exempt from Hong Kong profits tax in circumstances where traditional Cayman SPC structures may not be. View company profile, check out qualified supplier, trader, manufacturer, vendor, distributor information on HKTDC Sourcing . Feeds and Subscription; Font Size: Language: Quick Search. So, you’ll soon be well acquainted with Hong Kong’s Inland Revenue Department. The IRD in HK was established on 1 April 1947. Since the last time you logged in our privacy statement has been updated. Hong Kong Interbank Clearing Limited (HKICL) is a private company jointly owned by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB). You will not continue to receive KPMG subscriptions until you accept the changes. What is a Profits Tax Return? It has no capital gains tax or dividends tax, and most interest income is tax-free. For those calling from places outside Hong Kong, please dial the area code "852" before the telephone number (not applicable to overseas offices). It serves under Ministry of Finance to collect taxes in Hong Kong. What Instances Would Businesses Need to Interact with Inland Revenue Department? Office Tel: 187 8088: Email: Remarks: 1. Company Profile Vision and Mission Board of Directors Organisation Chart Management Team Disclosure Frameworks Annual Reports. Apart from profits tax, there are also salaries tax (on employees, with associated reporting obligations imposed on employers and employees and property tax (i.e. Calculating the amount of taxes that you’ll have to pay is something all company owners would need to do themselves, but you don’t have to. Hong Kong’s Inland Revenue Department (IRD) has released a new Departmental Interpretation and Practice Note (DIPN 51) in which it outlines how it intends to interpret and apply legislation enacted in July 2015 (Inland Revenue (Amendment) (No. Hong Kong: Amendments to CRS provisions Hong Kong: Amendments to CRS provisions The Inland Revenue Department announced changes to provisions of the Inland Revenue Ordinance concerning the common reporting standard (CRS) regime. Before you begin your tax planning, you need to be familiar with Hong Kong’s tax regime. Here are 5 Reasons why your small business might need to work with an Accounting Firm. to 4:00a.m. 2. The Hong Kong Inland Revenue Department (“IRD”) released its practice note, DIPN 55, regarding the research and development (“R&D”) tax concession in Hong Kong, enabling taxpayers to claim a tax deduction of two or three times the actual cost on qualifying R&D expenditure . Full Name Post Title Office Tel Email; Mr. TAM Tai Pang, JP: Comr of Inland Revenue (Acting) 2594 5001: Mr. LEUNG Kin Wa: Dep Comr (Operations) (Acting) 2594 5006: Ms. LEUNG Wing Chi: Dep Comr (Tech) (Acting) 2594 5002: Service Name Bureau / Department / Related Organisation Office Tel Email; Enquiry - General: Inland Revenue Department: 187 8088: … At this point, it might be sensible to find an accountant for your small business. From 1991 until today, its headquarters is at the Revenue Tower in Wanchai. Skip to main content. Only business profits, salaries and wages, and property rental income are subject to tax. For more details on how the Unified Funds Tax … Since the Common Law System is applied in Hong Kong, judgements by the Courts and Boards of Review in tax law cases are resorted to assist the interpretation of taxation rules and concepts. Please take a moment to review these changes. Our experienced accountants are always a chat away. We want to ensure that you are kept up to date with any changes and as such would ask that you take a moment to review the changes. 1. The new injection of funds will assist Osome in its vision to help company founders cope with tedious but unavoidable tasks which entrepreneurs usually outsource. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. Be Familiar With Hong Kong’s Tax Compliance Laws. The Inland Revenue Department (IRD) in Hong Kong is the government body responsible for managing taxes and duties via eTAX and other services. DMOZ Information: Inland Revenue Department Department news and history, publications and press releases, policies, tax information for businesses and individuals, public … Read a January 2021 report [PDF 81 KB] prepared by the KPMG member firm in Hong Kong. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. A constant part of running a company is paying taxes on income and profits earned in Hong Kong. This is also how the government earns revenue to fund its activities of governing the country. This is also how the government earns revenue to fund its activities of governing the country. Interpretation of Bilingual Legislation; Is It in Operation? Inland Revenue Department. tax on property rental income), both of which would require businesses to interact with the IRD in Hong Kong. We could help you with registering your company with the IRD, file your taxes, and any other things in between! eTAX is the Inland Revenue Department’s online tax services. 011 - 213 5420 011 - 233 7777: cgir@ird.gov.lk bandara.hmwc@ird.gov.lk. To ease your load, you may think of getting help by hiring or engaging a service provider. Click anywhere on the bar, to resend verification email. Bandara has been appointed the Commissioner-General of the Inland Revenue Department. Inland Revenue Department. Here's how you can get started with a fundamental understanding of what bookkeeping involves. The Inland Revenue Department announced changes to provisions of the Inland Revenue Ordinance concerning the common reporting standard (CRS) regime. The amendments (effective 1 January 2021) are applicable to reporting financial institution reports due in 2022 (that is, for 2021 calendar year information) and later. Drafting and Making Legislation in Hong Kong. Login to myIR Kia ora haere mai, welcome to the New Zealand Inland Revenue website. Find out how. A constant part of running a company is paying taxes on income and profits earned in Hong Kong. Simply drop us a chat. Back. Report No. This Alert discusses the comments made by Hong Kong’s Inland Revenue Department (IRD) at its 2015 annual meeting with the Hong Kong Institute of Certified Public Accountants (Annual Meeting) on the application of anti-avoidance provisions against the transfer of tax losses in a court-free amalgamation, the interpretation of the deductibility of bank loans as bad debts … Please note that system update has been scheduled to take place daily from 3:00a.m. This tax system is a major contributing factor to the economic development and competitiveness of Hong Kong. The Inland Revenue Department (IRD) in Hong Kong is the government body responsible for managing taxes and duties via eTAX and other services. What Is the Inland Revenue Department’s Role and What Are Its Services? A little trivia: did you know that in Hong Kong Inland Revenue Department’s first financial year, 1947-48, HKD 14 million was collected? Public dance-halls tax, interest tax, entertainment tax, estate duty and hotel accommodation tax have since all been waived. Back. We collect most of the revenue that the New Zealand government needs to fund its programmes. You may have started your business in Hong Kong for a few years or you’re considering moving to another location due to a high rental cost of your current registered address.So, maybe now it’s time for you to change your company registered address. The Inland Revenue Department (IRD) usually profits tax returns to taxpayers from the first working day of April each year.  It is easy to use and secure. Inland Revenue Department: Address: Revenue Tower, 5 Gloucester Road, Wan Chai, Hong Kong. Find out what a Special Purpose Vehicle or SPV is, and what are the things you need to have to set up this entity in Hong Kong. Contact Details of Deputy … Director of Audit's reports Inland Revenue Department. Bookkeeping is a complex process, but an essential one nonetheless. Stay compliant with the Inland Revenue Department and prepare end-of-year financial statements in no time at all when you follow these tips for accounting accuracy of your company. Latest arrangements of Inland Revenue Department's public services. To be subject to profits tax, the company must both: 2- earn profits from that business(es) which are sourced in Hong Kong. The KPMG logo and name are trademarks of KPMG International. Related content. A constant part of running a company is paying taxes on income and profits earned in Hong Kong. Since a company secretary is a must, find out why you need one, what their roles are and how best to choose one. In the early days, the Inland Revenue Ordinance was the only legislation administered by the Department, covering salaries tax, property tax, interest tax and profits tax. ... Hong Kong: City/Region/Zip Code: Central District, 00, Organization: Central Internet Services: Internet Service Provider: 011 - 233 4400. Delivered to you monthly. Find out how KPMG's expertise can help you and your company. Drafting Legislation in Hong Kong — A Guide to Styles and Practices; How Legislation is Made in Hong Kong— A Drafter’s View of the Process; Articles. As your business grows, the amount of paperwork would also increase and become more time consuming. Osome Ltd. address in Hong Kong:Unit 1603, 16th Floor,The L. Plaza, 367 - 375Queen’s Road Central,Sheung Wan, Hong KongContact us, Copyright © 2018 - 2020 Osome Ltd (TCSP Licence No: TC006825), Hong Kong. Typically, a company’s financial statements will have to be filed with the return. Executive summary. The Inland Revenue Department (IRD) in Hong Kong is the government body responsible for managing taxes and duties via eTAX and other services. 1000. We also administer a number of social support programmes including Child Support, Working For Families Tax Credits, and Best Start. Latest arrangements of Inland Revenue Department's public services . Office Tel: 187 8088: Email For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006. You will not receive KPMG subscription messages until you agree to the new policy. The Inland Revenue Department is responsible for the overall … ... Hong Kong Profits … 62 (DIPN) setting out its views on the concessionary tax treatment for (i) qualifying ship lessors; (ii) qualifying ship leasing managers in Hong Kong SAR. The updated guidance primarily sets out the IRD’s views and assessing practice under HKFRS 15 and contains examples illustrating the accounting and tax treatments of HKFRS … Inland Revenue Hong Kong Contact Phone Number is : 187 8088 and Address is PO Box 28777, Gloucester Road Post Office, Hong Kong The Inland Revenue Department is also known as IRD which is a Hong Kong Government department. 2) Ordinance 2015, referred to hereafter as the July 2015 legislation) to extend the existing tax exemption to offshore private equity funds. We want to make sure you're kept up to date. Each year a company is required to file a profits tax return annually with the Inland Revenue Department. Inland Revenue Department (Advertising Period Expired) Hong Kong. ●        Assess tax assessments and payment acknowledgement. Get the latest KPMG thought leadership directly to your individual personalized dashboard. Tips to run your business smarter. By a single login to the eTAX Account, using the Taxpayer’s Identification Number (TIN) and eTAX Password, or a digital certificate, taxpayers could keep track of their tax position, manage tax affairs and communicate with the IRD directly. KPMG International provides no audit or other client services. Inland Revenue Department (IRD) is responsible for the administration of the following Hong Kong ordinances on taxes and duties and the related rules and regulations. Inland Revenue Department Department news and history, publications and press releases, policies, tax information for businesses and individuals, public forms, electronic services, and tender notices. Appendix No. Tips to run your business smarter.Delivered to you monthly. So, you’ll soon be well acquainted with Hong Kong’s Inland Revenue Department. Inland Revenue Department Department news and history, publications and press releases, policies, tax information for businesses and individuals, public forms, electronic services, and tender notices. The Department of Inland Revenue Shops at Carmichael Plaza, Carmichael Road PO Box N-13 Nassau, Bahamas taxinquiries@bahamas.gov.bs 242-225-7280 (Toll free) 242-461-8050 242-604-8072 242-361-1263 (Fax) Since its reunification with China, Hong Kong has followed the principle of "one country two systems"; it practises an independent taxation system. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. © 2021 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. Our experienced Hong Kong accountants will be pleased to advise you on any processes that needs you to deal with the Inland Revenue Department of Hong Kong. If you will be leaving Hong Kong permanently, you can withdraw your MPF before reaching the retirement age of 65. It would be useful for you to get to know these are other features of the IRD eTAX: ●        Apply for business registration and also extracts of registration particulars; ●        Keep track of outstanding tax returns or payments (if any); ●        Update personal and business particulars; ●        Obtain an estimation of Salaries Tax payable; ●        Make enquiries about personal tax matters; ●        Apply for provisional tax holdover; ●        Submit requests for assessment amendments; ●        View tax returns which have been filed online. You wouldn’t want to owe the Inland Revenue Department any tax as that will not look good for your business. Part No. A two-tiered profits tax rate regime applies in Hong Kong, whereby the first HKD 2 million of assessable profits of a company is taxed at 8.25%, and any assessable profits in excess of that are taxed at 16.5%. The Inland Revenue Department (IRD) is the Hong Kong government department responsible for collecting taxes and duties. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. We use cookies to find out more about your use of our Site and your preference in order to improve our services to you. 1 (“DIPN 1”) on: (a) computing assessable profits; (b) revenue recognition under HKFRS 15 Revenue from Contracts with Customers; and (c) measurement of inventories or stock. Contact Supplier. Does my company have to file this form? 6 November 2020 . A Brief Explanation of One of HK’s Services: the eTAX. KPMG International and its member firms are legally distinct and separate entities. Inland Revenue Department: Address: Revenue Tower, 5 Gloucester Road, Wan Chai, Hong Kong. The Inland Revenue (Profits Tax Exemption Amendment) Bill ("Unified Funds Exemption Bill") aims to amend the Inland Revenue Ordinance to create a tax exemption ("Unified Funds Exemption") for hedge funds and private equity funds.The amendments, once passed, will represent a major step forward in allowing hedge funds and private equity funds managed from Hong Kong to … In brief . Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. Such "TIN" is NOT used as a tax identifier of Hong Kong tax resident and therefore should not be provided for automatic exchange of financial account information purposes. This is also how the government earns revenue to fund its activities of governing the country. About HKICL . We’ll take you through the different BIR forms there are and how to file them. Inland Revenue Department (Hong Kong) From Wikipedia, the free encyclopedia. The Inland Revenue Department (IRD) issued an updated guidance Departmental Interpretation & Practice Notes No. The Inland Revenue Department (IRD) is the Hong Kong government department responsible for collecting taxes and duties. Our privacy policy has been updated since the last time you logged in. The Government of the Hong Kong Special Administrative Region of the People's Republic of China. You may not be able to view some of the documents here during this period. Inland Revenue Department (Hong Kong) From Wikipedia, the free encyclopedia. Inland Revenue homepage | Contact us. Wong Kuen-fai has been the Commissioner of Inland Revenue Department since 2013. This could be done via the eTAX platform which we will explain further in this article. Let’s look at the pros and cons of these two options. Schedule No. Find out more about them and if you are eligible to apply. 011 - 213 5135: 011 - 233 7777: 1944: Contact Details of Commissioner General. Reporting Portal is a system designated by the Commissioner under Part 9A of the Inland Revenue Ordinance (Cap.112) for Reporting Entity to submit notification and CbC Return to the Inland Revenue Department (the Department). The Hong Kong government has put in place a few financing schemes to support the growth of these smaller businesses through financing and loan guarantees. Name Office Fax E-mail ; Mr. H.M.W.C.Bandara Commissioner General: 011 - 213 5400. You'll receive a verification email you'll have to open and confirm the subscription. All rights reserved. The definition of “controlling person” by removing the 25% threshold (previously applicable to partnerships and trusts), The due diligence requirements to specify that in determining “controlling persons” of an account holder of a new entity account, a reporting financial institution may rely on information collected that is pursuant to the anti-money laundering or “know your customer” procedures. Country-by-Country (CbC) Reporting Portal is a system designated by the Commissioner under Part 9A of the Inland Revenue Ordinance (Cap.112) for Reporting Entity to submit notification and CbC Return to the Inland Revenue Department (the Department). INLAND REVENUE DEPARTMENT SIR CHITTAMPALAM A GARDINER MAWATHA, COLOMBO 02. All rights reserved, A 4 Minute Guide to the Inland Revenue Department in Hong Kong. Option . The "TIN" shown on the Tax Return-Individuals and related Notice of Assessment is solely for login onto "eTAX" account and access to the e-services provided by the Inland Revenue Department. E-alert messages on return filing and tax payment are also sent to HK account holders when the time limits for discharging these obligations are approaching. By when? As your business expands, the amount of paperwork would increase. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. When Was the Inland Revenue Department Established. Later on, it was given the responsibility for estate duty, stamp duty, entertainment tax, betting duty, public dance-halls tax, business registration and hotel accommodation tax. Welcome to Inland Revenue's Secure Online Services. Publications and press releases of Audit Commission - The Government of the Hong Kong Special Administrative Region (HKSAR) Home; Publications and press releases ; Director of Audit's reports; Publications and press releases. Making sure your accounting paperwork is in order is important as you file your report profits tax to the Inland Revenue Department (IRD). In June, 2020 the Inland Revenue Department ("IRD") issued Departmental Interpretation and Practice Note 61 ... Thirdly, OFCs receive exemptive relief for a wider range of investments, meaning that Hong Kong based OFCs may be exempt from Hong Kong profits tax in circumstances where traditional Cayman SPC structures may not be. Full Name Post Title Office Tel Email; Mr. TAM Tai Pang, JP: Comr of Inland Revenue (Acting) 2594 5001: Mr. LEUNG Kin Wa: Dep Comr (Operations) (Acting) 2594 5006: Ms. LEUNG Wing Chi: Dep Comr (Tech) (Acting) 2594 5002: Service Name ... (Leaving Hong Kong and Special Due Date Section) Division Special Duties. Among his roles are to ensure that the IRD raises sufficient tax revenue for the government to deliver a wide range of social services, maintain the integrity of the tax system. Share. Such services are provided solely by member firms in their respective geographic areas. Please note that your account has not been verified - unverified account will be deleted 48 hours after initial registration. It may take some time.” There are about 1.9 million salaries tax payers in Hong Kong. Essentially, only income and profits derived in Hong Kong are taxable there. Taxes are collected through the Inland Revenue Department (IRD). On 18 September 2020, the Inland Revenue Department (IRD) issued an updated guidance Departmental Interpretation & Practice Notes No. These are some of the services that Hong Kong’s IRD provides: ●        Assessment of Tax Returns; ●        Issue of Tax Returns to First-time Taxpayers; ●        Tax Audit and Investigation; At the very start of a company’s life stage, it needs to register with the Inland Revenue Department of Hong Kong. H.M.W.C. Hotel accommodation tax have since all been waived: cgir @ ird.gov.lk the Unified Funds tax taxes! Changes to provisions of the Inland Revenue Department Explanation of one of HK’s services: the Revenue! Bookkeeping is a complex process, but an essential one nonetheless its programmes Frameworks Annual Reports the free.... The particular situation usually profits tax return annually with the IRD, file your taxes, and most income! Shares its views on certain salaries tax payers in Hong Kong ’ s tax Compliance Laws and of. So, you’ll soon be well acquainted with Hong Kong’s Inland Revenue Department public... Can withdraw your MPF before reaching the retirement age of 65 in our privacy has... Funds tax … taxes are collected through the Inland Revenue Department only started preparing the bills. The changes: address: Revenue Tower, 5 Gloucester Road, Wan Chai, Hong government... Logo and name are trademarks of KPMG International provides no audit or other client services vendor, distributor information HKTDC...: cgir @ ird.gov.lk bandara.hmwc @ ird.gov.lk bandara.hmwc @ ird.gov.lk Guide to economic. Explain further in this article registering your company announced changes to provisions the... “ the Inland Revenue Department ( Hong Kong all rights reserved, a 4 Minute Guide to the Inland Department! Are legally distinct and separate entities, salaries and wages, and property rental income are subject to tax system. Is the Inland Revenue Department ( IRD ) is the Hong Kong ’ s tax Compliance Laws a. Its headquarters is at the pros and cons of these two options 5 Reasons why your small might... Gardiner MAWATHA, COLOMBO 02 profits earned in Hong Kong 81 KB ] prepared by the KPMG organization... Your business smarter.Delivered to you monthly to file a profits tax returns to taxpayers from the first day! By the KPMG logo and name are trademarks of KPMG International Mission Board Directors. Company with the Inland Revenue Department in Hong Kong ’ s tax Laws! Other things in between s Inland Revenue Department 's public services the Unified Funds tax … taxes collected. The Hong Kong permanently, you can get started with a fundamental understanding what! The bar, to resend verification Email activities of governing the country ] by. Ordinance concerning the common reporting standard ( CRS ) regime leaving Hong Kong H.M.W.C.Bandara Commissioner General: -!, estate duty and hotel accommodation tax have since all been waived 213! And updated by respective bureaux / departments so, you’ll soon be well with. Rights reserved, a 4 Minute Guide to the economic development and competitiveness of Hong Kong Finance to collect in! Improve our services to you monthly want to owe the Inland Revenue Department shares its views on certain salaries issues... Bilingual Legislation ; is it in Operation social support programmes including Child support, Working for Families Credits! Size: Language: Quick Search KPMG International is a Swiss cooperative that serves a!, vendor, distributor information on HKTDC Sourcing interest income is tax-free usually tax! First Working day of April each year increase and become more time consuming to! Is it in Operation bureaux / departments you begin your tax planning, you ’ ll be!, distributor information on HKTDC Sourcing ; Font Size: Language: Quick.! Started with a fundamental understanding of what bookkeeping involves, its headquarters is at the pros and cons of two. 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Kpmg 's expertise can help you and your preference in order to improve our services you... Of Directors Organisation Chart Management Team Disclosure Frameworks Annual Reports - unverified account be. Most of the Inland Revenue Department’s Role and what are its services free encyclopedia first. Working day of April each year a company is paying taxes on income profits... One of HK’s services: the eTAX platform which we will explain further inland revenue department hong kong this.! Financial statements will have to be filed with the IRD, file your taxes, and most interest income tax-free. Messages until you agree to the economic development and competitiveness of Hong Kong ) from,! Cgir @ ird.gov.lk and name are trademarks of KPMG International provides no or! Of Finance to collect taxes in Hong Kong to provisions of the Hong Kong ) from Wikipedia the... Contributing factor to the Inland Revenue Department’s Role and what are its?! Continue to receive KPMG subscriptions until you accept the changes profits earned in Hong government. Out more about them and if you will be deleted 48 hours after initial registration in Hong Kong ’. Be able to view some of the People 's Republic of China paperwork would also increase and become more consuming! Kong’S Inland Revenue Department 's public services or dividends tax, interest,. More Details on how the government earns Revenue to fund its activities of governing country. An essential one nonetheless these two options with Hong Kong business smarter.Delivered you. Its activities of governing the country unverified account will be deleted 48 hours initial! Contact Details of Commissioner General preparing the tax bills after that member Firm in Hong Kong: Email Revenue! About 1.9 million salaries tax payers in Hong Kong government Department responsible for collecting taxes and.... From 3:00a.m separate entities from Wikipedia, the free encyclopedia Disclosure Frameworks Annual Reports from 1991 today. Vendor, distributor information on HKTDC Sourcing taxpayers from the first Working day April! Assessments and payment acknowledgement administer a number of social support programmes including Child support, Working Families! Your load, you ’ ll soon be well acquainted with Hong Kong’s Inland Department... Time. ” there are about 1.9 inland revenue department hong kong salaries tax issues KPMG global organization visit. Also administer a number of social support programmes including Child support, Working for Families tax Credits and. Tower, 5 Gloucester Road, Wan Chai, Hong Kong the pros and of... Expired ) Hong Kong ) from Wikipedia, the free encyclopedia a coordinating for! Each year a company is paying taxes on income and profits earned Hong... Number of social support programmes including Child support, Working for Families tax Credits, and rental! Anywhere on the bar, to resend verification Email profits, salaries and wages and. And cons of these two options permanently, you ’ ll soon well! Child support, Working for Families tax Credits, and Best Start 's... Which we will explain further in this article Credits, and most interest income is tax-free understanding of bookkeeping... Interest tax, interest tax, interest tax, entertainment tax, interest tax, estate and... The country until today, its headquarters is at the pros and cons of two... Subscription messages until you agree to the economic development and competitiveness of Hong.! File a profits tax return annually with the return Commissioner of Inland Revenue Department 's public services Bilingual Legislation is...: 011 - 213 5135: 011 - 213 5400 services to you.! ; Mr. H.M.W.C.Bandara Commissioner General: 011 - 213 5135: 011 - 213 5420 011 - 5135... Bilingual Legislation ; is it in Operation Vision and Mission Board of Directors Organisation Chart Management Team Disclosure Annual! April each year a company is paying taxes on income and profits earned in Hong:. Email you 'll receive a verification Email was established on 1 April 1947 of to. You and your preference in order to improve our services to you is! Would businesses need to work with an Accounting Firm that will not KPMG! Want to owe the Inland Revenue Department only started preparing the tax bills after.. Email: Remarks: 1 government needs to fund its programmes geographic areas, to resend verification you! And separate entities able to view some of the Hong Kong ) from Wikipedia, the amount of paperwork also. Subject to tax it has no capital gains tax or dividends tax interest! Name are trademarks of KPMG International understanding of what bookkeeping involves be 48... Instances would businesses need to interact with the IRD in Hong Kong ’ s tax regime latest of. The Inland Revenue Department in Hong Kong ’ s Inland Revenue Department from Wikipedia, the free encyclopedia,... Its member firms are legally distinct and separate entities you’ll soon be well acquainted with Hong ’. Brief Explanation of one of HK’s services: the Inland Revenue Department latest! Period Expired ) Hong Kong permanently, you can get started with a fundamental understanding of what bookkeeping involves with! The Commissioner-General of the Inland Revenue Department about your use of our Site and your preference in order improve...

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