Recently, the Hong Kong Government's fiscal reserve crisis has led to Hong Kong Inland Revenue Department (IRD) conduct more spot checks on Hong Kong companies. To help the enterprises better understand and respond to the challenges of tax review, we have compiled some key tax filing considerations. This article will analyse the common questions and concerns to help the enterprises prepare their tax returns more accuracy and in compliance with tax regulations, thereby reducing the chances of being checked by the IRD.

Filing an Objection: If you wish to dispute the tax assessment, you must lodge a notice of objection in writing stating precisely the grounds of the objection within one month after the date of issue of the notice of assessment.