Corporations: 8.25% on the first HKD 2 million of assessable profits and 16.5% on the remainder; unincorporated businesses: 7.5% on the first HKD 2 million and 15% on the remainder.

The tax return forms are typically released on the first working day of April each year. The filing deadline is usually within one month from the day the forms are released. Certain companies (e.g., those with a fiscal year ending on December 31) may have an extended filing deadline, typically until August 15 of the year the forms are released, and in certain circumstances (e.g., electronic filing), extensions may be granted.

For companies with a fiscal year ending on December 31st, the final tax payment for a specific tax year is typically due in November of the year when the tax return is filed.

For companies with a fiscal year ending on December 31st, interim taxes for a specific tax year will be paid in two installments, typically due in November of the current year and January of the following year.

0/0/0

0/0/2.475-4.95

N/A

14.28

2.01

Consolidated Ownership

Positive

Negative

At least one

At least one

Positive

Positive

Negative

1. Starting from HK$1 in principle;<br>2. Default of HK$10,000 upon company registration;<br>3. If exceeding HK$10,000, a stamp duty of 0.2% is required when converting shares.

Positive

N/A

Consolidated Ownership

Positive

Positive

At least one

At least one

Positive

Positive

Negative

50,000 Hong Kong dollars

Positive

N/A