FAQs about Profits Tax Matters – Tax Position

Information related to filing of Profits Tax returns, issue of Profits Tax assessments, payment of amounts due and tax reserve certificates purchased, if any, for corporations and businesses is shown in Profits Tax Matters – Tax Position.  Records of sole proprietorship are NOT included.

The following users can access the Profits Tax Matters – Tax Position via Business Tax Portal (BTP) / Tax Representative Portal (TRP):

• BTP Administrator of the business
• BTP Authorized User of the business being appointed to handle Profits Tax Matters
• TRP Team Lead being appointed to handle client’s Profits Tax Matters in the capacity of Tax Representative
• TRP Team Member being appointed to handle client’s Profits Tax Matters in the capacity of Tax Representative

Only Profits Tax returns filed under electronic mode through BTP or TRP are available for viewing.  Only records of Profits Tax returns filed for the last 5, current and provisional years of assessment are listed under Tax Position – Tax Return.

For Profits Tax returns filed under electronic mode, the filing status under Tax Position – Tax Return will be updated instantly.  Otherwise, it will take a longer time for the status to be updated.

Only Profits Tax assessments and related notices issued within the last 3 years (applicable to notices issued on or after 21 July 2025) are available for viewing.

The Tax Position - Payment shows tax bills related to Profits tax for corporations and businesses (excluding sole proprietorship).  It does not include tax bills for years of assessment prior to 1993/94, tax bills covered by Proof of Debt in bankruptcy cases and demands for amounts of a non-tax nature such as court fees and judgment interest.

It generally takes 2 working days for the Inland Revenue Department (IRD) to receive the payment and update our record.

You can apply to open a TRC Account in writing using an IR1306. After processing your application, we will notify you of your TRC Account Number (TAN). Joint-name account is not allowed.

Application form IR1306 for Electronic Tax Reserve Certificates Scheme

You can do so through your eTAX, PPS, the Internet or bank ATM, by post or in person. You can also purchase TRCs on a monthly basis through auto-pay arrangements with a bank. TRCs must be purchased in denominations of $300 or above and in multiples of $50.

If the redemption is for settlement of tax liabilities, it must be done on a First-In-First-Out basis. In the case of redemption for cash, you can redeem the TRCs in any order.

TRCs purchased under the Electronic Tax Reserve Certificates Scheme will be redeemed automatically on a First-In-First-Out basis for settlement of your tax liabilities. About 2 weeks before the tax due date, we will send a “proposal for redemption” to you showing details of certificates intended to be redeemed and any shortfall to be settled separately.

No. You can earn interest only if the TRCs are redeemed for settlement of your tax liabilities.

It generally takes 2 working days for the IRD to receive the purchase consideration and update the relevant TRC account.

It generally takes up to 9 working days during July to December and 12 working days during January to June to effect refund in respect of TRCs redeemed for cash.

You can do so by completing and returning to the IRD a redemption form (IR1333). No interest is payable in such cases.

Redemption Form IR1333 for Electronic TRCs

When an assessment is under objection, the Commissioner of Inland Revenue may direct that the tax in dispute be heldover conditionally upon the purchase of a TRC of a specified amount. The sum purchased will be applied to settle the tax in dispute or repaid to the taxpayer depending on the final determination of the objection or appeal.  Simple interest will be paid only in respect of the capital sum eventually repaid to the taxpayer.

You can do so by contacting the IRD at taxpay@ird.gov.hk .

BTP Account holders will receive “e-Alert For Tax Payment” messages for all outstanding tax bills related to Profits Tax about 1 week before the relevant due dates for payment.