The 1st tax return is issued on the 19th month of the company incorporation.
The deadline to submit that tax return is 3 months after the return is issued.
Under the Hong Kong company ordinance, all the limited companies should prepare the financial statements (Income statements and statement of financial position) and do the audit every year. Therefore, we need to plan a timeline to prepare submits the tax return on time.
Basically, the year-end of the company is chosen either 31 Dec or 31 Mar.
To prepare the accounts and audit we need to collect and keep the financial record for the accountant's review. For example, bank statements, sales invoices, cost invoices, expenses invoices/ receipts.
Below is the sample of the financial statements
