2021/22 Profits Tax Return Update

2021/22 Profits Tax Return Update - Extended Deadline

The IRD allows further extension of deadline to file 2021/22 Profits Tax return

The bulk issue of the 2021/22 Profits Tax returns to corporations and partnership businesses has taken place since 1 April 2022. In view of the current COVID-19 situation in Hong Kong, the Inland Revenue Department (“the IRD”) has extended the due date for filing the 2021/22 Profits Tax return for N-code and D-code Corporations.

If a taxpayer has authorized a tax representative to act on his behalf, the due date will be extended as follows:

ACCOUNTING DATE	EXTENDED DUE DATE	FURTHER EXTENDED DUE DATE IF OPTING FOR E-FILING
1 Apr – 30 Nov 2021 (“N” Code)	30 Jun 2022	14 Jul 2022
1 Dec – 31 Dec 2021 (“D” code)	31 Aug 2022	14 Sep 2022
1 Jan – 31 Mar 2022 (“M” code)	15 Nov 2022	29 Nov 2022
“M” code current year loss cases	31 Jan 2023	No further extension

Connect with

HENRY KWONG AND HIS TEAM

Go beyond fulfilling compliance requirements. Observe tax opportunities for you to make the best decisions to your business. Mitigate risks under challenging tax world.