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I’ve just hit the 18-month mark of business in Hong Kong ready to submit by first Profit Tax Return. I also have the option of filing an Offshore Profits claim.
The Offshore Profits claim itself seems to be a convoluted, long drawn-out process with significant costs to bare in working with a certified CPA to answer Inland Revenue Department questioning.
I’d love it if somebody who has been through this already were able to answer the following questions:
- How long did it take for the claim to be accepted or denied?
- What was the end result?
- How much did the IRD dig into each transaction?
- How much did you pay your agent to deal with the offshore claim?
Any insights are much appreciated! 
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