{"id":2333,"date":"2025-04-10T18:24:42","date_gmt":"2025-04-10T10:24:42","guid":{"rendered":"https:\/\/www.mnnbus.com\/?p=2333"},"modified":"2026-03-17T17:03:52","modified_gmt":"2026-03-17T09:03:52","slug":"what-are-the-consequences-of-late-submission-of-hong-kong-tax-returns-how-much-is-the-penalty-learn-remedial-measures-immediately","status":"publish","type":"post","link":"https:\/\/www.mnnbus.com\/en\/blog\/what-are-the-consequences-of-late-submission-of-hong-kong-tax-returns-how-much-is-the-penalty-learn-remedial-measures-immediately\/","title":{"rendered":"\u00a0What are the consequences of late filing of Hong Kong tax return? How much is the penalty? Learn how to remedy the situation now!"},"content":{"rendered":"
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Late filing of your tax return may have more serious consequences than you think, not only in the form of penalties!<\/strong>
As a business owner or individual taxpayer in Hong Kong, have you ever been so busy that you forgot to file your tax return on time? Or are you worried about the serious consequences of late filing? In this article, we will explain the penalties, implications and remedies for late filing of tax returns, which will help you deal with tax issues properly and avoid unnecessary legal and financial risks.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t

Details of the legal consequences and penalties for late filing of tax returns<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Any person who, without reasonable excuse, does any of the following acts may be prosecuted by the Inland Revenue Department (IRD) under theClause 80(2)<\/a><\/span>The person was prosecuted:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

(i) files (or causes or allows to be filed) an incorrect tax return;
(ii) makes an incorrect statement in relation to a claim for any deduction or allowance;
(iii) gives incorrect information about a matter or thing affecting his (or any other person's) liability to pay tax;
(iv) claiming a refund of premiums after deducting the premiums paid under a VMP policy or an Eligible Deferred Annuity Policy without notifying the Inland Revenue Department (IRD);
(v) fails to file a timely tax return; or
(vi) Failure to notify the Inland Revenue Department (IRD) of taxable matters.<\/p>

A person who commits the offence is liable to a fine of $10,000 and to an additional penalty equal to three times the amount of tax undercharged. In addition, for an offense under (v), the court may order the convicted person to file a tax return within a specified period.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t

Apply for Tax Extension<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

If a company is unable to submit its tax return on time, it has to apply to the Inland Revenue Department (IRD) for an extension of time to submit the return. It is recommended that you apply for an extension of time before the deadline.\u00a01 to 2 months<\/strong>\u00a0The IRD will submit the application within the same period and give detailed reasons for the extension. The Inland Revenue Department (IRD) will examine and approve the applications on a case-by-case basis, and the extension period will depend on the actual situation of the enterprises.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t

The process of filing a back tax return<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Enterprises may go through\u00a0Written form<\/strong>\u00a0or \"Government One-Stop Shop<\/strong>In the \"-\" section, \"-\", \"-\", \"-\".Tax Ease<\/strong>The \"Platform\" submits an application for an extension of time and needs to state the length of the extension required.The key to a successful application is to clearly articulate the reasons for the extension.<\/strong>. In addition, please note the following:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t