Insights

Fresh thinking and actionable insights that address critical issues your organization faces.

Learn more

Resources

Services

KPMG's multi-disciplinary approach and deep, practical industry knowledge help clients meet challenges and respond to opportunities.

Services to meet your business goals

Technology Alliances

KPMG has market-leading alliances with many of the world's leading software and services vendors.

View all Alliances

Industries

Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

How We Work

We bring together passionate problem-solvers, innovative technologies, and full-service capabilities to create opportunity with every insight.

Learn more

Careers & Culture

What is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.

Learn more
Relevant Results
Sorry, there are no results matching your search.
Autocomplete suggestions are available. Use up and down arrows to review and enter to select.
See more results

Hong Kong: Guide to 2024-2025 profits tax filing

Due dates for filing profits tax returns

Share
April 3, 2025

The 2024-2025 profits tax filing season started off with the bulk issuance of the 2024-2025 profits tax returns on April 1, 2024.

Due dates for filing profits tax returns

The extended due dates for filing the 2024-2025 profits tax returns under the block extension scheme (i.e., for taxpayers with a tax representative) are as follows:

Accounting date code

Extended due date

Further extended due date for semi-electronic / electronic filing

“N” code

(April 1, 2024, to November 30, 2024)

May 2, 2025

(No extension)

June 2, 2025

“D” code

(December 1 to December 31, 2024)

August 15, 2025

September 15, 2025

“M” code profit cases

(January 1, 2025, to March 31, 2025)

November 17, 2025

December 17, 2025

“M” code loss cases

(January 1, 2025, to March 31, 2025)

February 2, 2026

February 2, 2026

(No further extension)


Key changes in the 2024-2025 profits tax returns

Items in the return

Major changes

Items 7.1.1 and 7.1.2 in BIR 51

A new checkbox for taxpayers to indicate whether their financial statements (FS) are audited by a Hong Kong practice unit. If yes, the taxpayers need to provide the practicing certificate number of the certified public accountant (practising) who signed the auditor’s report that is filed together with the profits tax return.

Item 9.19 in BIR 51 / Item 9.7 in BIR 52

A new checkbox on the new Supplementary Form S19 (replacing Form IR1478) regarding specified foreign sourced income.

Item 9.21 in BIR 51 / Item 9.9 in BIR 52

A new checkbox on the new Supplementary Form S21 (replacing Form IR1481) regarding the tax certainty enhancement scheme.

Item 9.22 in BIR 51 / Item 9.10 in BIR 52

A new checkbox on the new Supplementary Form S22 (replacing Form IR1482) to be completed by taxpayers claiming the 5% concessionary tax rate for onshore eligible intellectual property (IP) income under the patent box tax incentive.

Items 10.21 in BIR 51 / item 10.20 in BIR 52

A new checkbox for taxpayers to state the amount of deduction claimed for lease reinstatement costs.


Key profits tax developments relevant to return filing

  • Expanded foreign-sourced income exemption (FSIE) regime
  • Tax certainty enhancement scheme for non-taxation of onshore equity disposal gains
  • Tax deduction for lease reinstatement costs
  • New rules for claiming annual allowances for second-hand commercial and industrial buildings
  • Tax treatment of provisions for long services payment (LSP)
  • Tax treatment of insurers under the risk-based capital regime


For more information contact a KPMG tax professional:

Jennifer Weng | jennifer.weng.@kpmg.com

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.

KPMG. Make the Difference.


Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. KPMG LLP does not provide legal services.

The information contained herein is not intended to be “written advice concerning one or more Federal tax matters” subject to the requirements of section 10.37(a)(2) of Treasury Department Circular 230.

© 2025 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP\'s . Privacy Statement

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Search now!

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Submit

Office locations

View locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Learn more

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Contact

Headline