Malaysia Hotline: +603- 2141 8908
In
general, limited companies incorporated in Hong Kong are required to prepare
and audit financial statements annually and file these to the Inland Revenue
Department ("IRD"). IRD normally issues Tax Return filing
notifications to companies on the 1st of April every year. Companies must file
their Tax Return within one month from the date of notification, though they
can request for an extension with reference to different year end dates. There
is no mandatory year-end date for Hong Kong companies, but 31 March and 31
December are the more common ones. For December year end cases, the filing
deadline to IRD is August 15 whereas for March year end cases, the filing
deadline is November 15.
For
public listed companies, the reporting deadlines for the release of annual
results announcements will be three months after the year end date of the
financial year.
All
limited companies are required to submit the audited financial statements to
IRD. However, for certain small corporations with gross income for the basis
period not exceeding HK$2,000,000, they may be exempted.
Groups
of companies are required to prepare consolidated financial statements. HKFRS
10 permits a holding company not to prepare group accounts if it is itself a
wholly-owned subsidiary, or is a partially-owned subsidiary of another entity
at the end of its financial year. In addition, the ultimate or any intermediate
parent of that entity produces consolidated financial statements available for
public use, which comply with HKFRSs or IFRSs.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my