The fiscal year/tax year in Hong Kong begins on April 1st and ends on March 31st. However, a company is allowed to choose a different financial year–end, where busy seasons can be avoided, and a suitable date can be chosen as per the company’s business cycle.
A company’s first financial year begins on the date of its incorporation. The year-end date is chosen by the company and has to fall within 18 months of its incorporation date. The following financial years will end 12 months from the chosen year–end date.