In Hong Kong, an audit of your accounts is mandatory. Nevertheless, you can do the accounting work internally or abroad, then have your accounts audited. By doing so, you might think you will save time
The usual profit tax rate for a company registered in Hong Kong is 16.5%. As of today, this rate is valid from 2.000.000 HKD. From 1HKD to 1.999.999HKD, the rate is only 8,25%. In order
A bank confirmation is a document required by your company auditor in order to complete your statutory audit. The purpose of this document is to validate the balance of your account and to match it
BIR51 is a profit tax return for companies registered in Hong Kong. It is issued by the Inland Revenue Department in Hong Kong. This form has to be filled in once a year. The first one is to
Usually, profit tax returns are received the first working days of the month of April. Because of the coronavirus or covid-19, the date has been postponed one month later. Therefore, the profit tax return for
In Hong Kong, a PTR is a tax return usually received at the end of the administration fiscal year (March 31). The form received is registered under reference BIR51. If you haven’t received your profit
Yes, whatever your income level or whether a profit is generated or not, every company registered in Hong Kong must perform an audit. The accounting can be set up internally. Nevertheless, the audit should be
