Inland Revenue Department issues Profits Tax Returns (2026)

Inland Revenue Department issues Profits Tax Returns in early April 2026.

Incorporated businesses pay 8.25% profits tax on the first HKD 2 million of assessable profits and 16.5% on the remainder. Only one entity within a group can elect the two-tiered rates.

Every Hong Kong company files audited financial statements; there is no small-company audit exemption as in Singapore. Small private companies meeting any two of revenue at or below HKD 100 million, assets at or below HKD 100 million, or 100 or fewer employees qualify for the reporting exemption and prepare simplified accounts under the SME Financial Reporting Standard, which lowers audit preparation cost. Emerhub structures client accounts under the reporting exemption wherever the criteria are met.

Which deadline applies depends on your accounting year-end code: N (year-end 1 April to 30 November), D (year-end 1 December to 31 December) and M (year-end 1 January to 31 March). The Inland Revenue Department announces the exact dates in its annual circular.