What kind of taxation my Company need to pay?

mited Company is only required to pay Profits Tax if there is any assessable profit earned during the year. The Profit Tax is 16.5% of your Company’s assessable profit. No taxation will be paid if your Company does not earn any assessable profit.

When is the due date to submit the annual Profits Tax Return, after the first tax return?

Normally, the IRD will issue the Profits Tax Return to tax payer in April annually. The deadline will be based on the year-end date of the Company. The detail is as below, Accounting date Extended due date For N Code Returns(Accounting Date between 1 April to 30 November) 4 May For D Code Returns(Accounting Date… Continue reading When is the due date to submit the annual Profits Tax Return, after the first tax return?

What is provisional tax?

Provisional tax is income tax which paid in advance to the IRD for the next tax year. The provisional tax is calculated by the current year taxation before tax relief. In the next year, any over/under payment will be adjusted at the end of the year.