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──Jan 10 , 2022Will Hong Kong company audit tax return not on time have penalty?

 We are doingHong Kong corporate auditWhen filing tax returns, there are generally two situations. One of them received a tax form and the other did not.

If the Hong Kong company received the tax form, it should be completed by the latest tax filing deadlineHong Kong corporate auditJust file your taxes. If the Hong Kong company has not received the tax return, it is OK even after the latest tax return deadline.

For Hong Kong companies receiving tax returns, be sure to complete them before the latest tax filing deadlineHong Kong corporate auditReport, or the IRS is likely to fine companies that go past the filing deadline. Generally speakingHKD1200,But if the company has a record of not filing on time in the past, it will be finedHKD3000.If you do not file your tax return within the penalty period, and the delay has been about one year, the tax office will take your company to court for judgment.

If the prosecution to the court will need to answer the lawsuit, the general answer to the fine instead of other penalties, then the court will be on the spot fine how much money, can pay. But Hong Kong company tax affairs still have to do, if not to do it will be sued. If the lawsuit is not answered, then the court will rule that the company is forced to cancel, then the company will be removed from the list. If you want to restore the cost is very big, so still do a good job of Hong Kong company tax declaration matters on time, if the Hong Kong company does not use, go to the simple procedure to apply for cancellation.

Will Hong Kong company audit tax return not on time have penalty?

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