Company Renewal & Tax Report Overview

Updated time: Aug 8, 2017 , 16:59 (UTC+08:00)

Company Renewal & Tax Report Overview

Every Company will need to renew annual, to keep the Company in Good Standing status. The due date of the renewal depends on the regulation of local incorporated jurisdiction.

All limited companies (including Private, Public and Corp) in the UK, Hong Kong, Singapore and USA must submit an Annual Return to Companies Registrar every year.

The Annual Return provides a snapshot of general information about your company, including details of directors and company secretary if you have appointed one, the registered office, share capital and shareholdings, any change over last year etc..

Company directors are legally required to file an Annual Return

As a limited company director, you are legally obliged to file an Annual Return for your company. In fact, it is a criminal offense to fail to deliver your Annual Return on time.

If you do not submit your return, or file more than from 28 days after your company’s ‘made up date’ you will face penalties. Local Authority could even have your company struck off the company register.

Each year, Company Registrar will write to your registered address informing you of the need to submit your Annual Return. 

Accounts and tax returns for private limited companies

After the end of its financial year, your private limited company in Hong Kong, UK, Singapore and US must prepare:

  • Full annual account
  • Company Tax Return

You need your accounts and tax return to meet deadlines for filing with Local Tax Authority. Normally in Hong Kong Inland Revenue Department will request 1st tax return around 18 months after incorporation but for the UK, Singapore it is anniversary date.

Offshore Company Corp can help you fulfillment any required!