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Hong Kong Company Accounting, Auditing and Tax Filing

Updated:2018-11-30 14:55:56    Source:www.tannet-group.comViews:290

Hong Kong company accounting, auditing and tax filing are Tannet’s followup service. Companies incorporated in are required to file an annual tax return on their profits with the HK Inland Revenue, and undergo an annual accounts audit performed by an independent CPA. Hong Kong takes accounting and tax fraud very seriously. Offenders will bear strict sanctions by local government and the bank. Therefore, it’s crucial that your accounts are filed professionally and attentively.

Hong Kong Company Accounting
Tannet’s accounting services team provide a wide range of accounting and tax services to assist our clients to comply with Hong Kong’s accounting and tax filing requirements. Our accounting services range from basic bookkeeping services to advice on Hong Kong’s financial reporting requirements and include:

1. Provision of bookkeeping services.
2. Preparation of annual accounts for tax filing.
3. Arrangement of independent audits required for tax filing.
4. Preparation of quarterly accounts for internal management reporting.
5. Advice on the accounting requirements in Hong Kong.
6. Advice on setting up accounting systems.

Hong Kong Company Tax Filing
In Hong Kong, profits tax is an income tax chargeable to business carried on in Hong Kong. Applying the territorial taxation concept, only profits sourced in Hong Kong are taxable in general. Capital gains are not taxable in Hong Kong, despite it is always arguable whether an income is capital in nature. Generally, profits tax return should be filed within 1 month from the date of issue. 

In all cases if you cannot lodge a tax return by the due date or the extended due date, estimated assessment will be issued and you may be required to pay more tax. You may also be subject to penalty proceedings which include payment of penalty, or even prosecuted.

Hong Kong Annual Accounts Auditing
Hong Kong company must have its accounts audited by a certified public accountant (CPA) each year. Oftentimes it is difficult to know whether the CPAs available are good value, efficient, vigilant, and get good results.

Their compliance report could have far-reaching consequences on your business, such as the ability to get business loans, affecting government trust, and being able to claim 0% tax on revenues from outside of Hong Kong, so it is crucial that your auditor is an expert who understands your business.

Tannet’s Finance and Tax Service Center are equipped with CPAs and competent accountants with rich experiences. Take advantage of our expert accounting, tax filing and auditing services to ensure that you are paying the right amount of tax, and keeping compliant books.

Contact Us
If you have further queries, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website, or calling China hotline at 86-755-82143512, or emailing to You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.

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