Received your first green envelope from the IRD? Don't panic. Here is a quick, stress-free breakdown of your first Hong Kong Profits Tax Return deadline, what to prepare, and how to avoid costly penalties.

Depreciation allowances allow Hong Kong businesses to claim tax deductions on buildings, plant, machinery, and equipment used to generate profits. This beginner-friendly 2026 guide explains how commercial building allowance (CBA), industrial building allowance (IBA), and the pooling system work under Hong Kong profits tax rules.