Many foreigners who do business in China will choose to open a company in Hong Kong, which will facilitate the settlement of foreign exchanges, and secondly, the company’s popularity will be promoted to the international level.
But bosses who own HK companies,
don’t forget to do this! 
Otherwise, your bank account will be frozen!
Which HK Companies Must Audit?
In Hong Kong, regardless of whether or not a Hong Kong company has operations, it must be accounted for and audited to complete the profits tax return.
As long as you conduct a business transaction or activity in the name of the company, you are deemed to have started business, that is, you must audit!
It can be judged by the following aspects:
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The bank account has business record;
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Have left import and export records in Government customs and logistics companies;
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Relationship with purchase and sale of Hong Kong merchants;
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Has hired an employee in Hong Kong;
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To permit or authorize the use of patents, trademark design and other materials in Hong Kong;
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To allow or authorize the use of movable property in Hong Kong to collect rent, rental fees, etc.;
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Entrusted to sell in Hong Kong;
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Other profits derived or generated in Hong Kong.
If it meets one of the aspects as above, your company will be considered a business operation status.
When Do You Need to Audit?
First time to file tax
Hong Kong companies will receive their first profits tax return after 18 months of establishment, with a tax return period of three months.
Second and subsequent tax time
When the tax is filed for the first time, the certified public accountant will confirm the fiscal year for you, and all subsequent tax filing periods will be declared according to the first confirmed fiscal year.
The Consequences of not Auditing!
The Hong Kong company tax regulations clearly stipulate that all tax receipts must be declared.
Failure to file tax returns will result in the freezing of bank accounts in Hong Kong.
The company will be forcibly cancelled and the directors will be included in the entry and exit blacklist.
If you have any questions about audit?
Ask us!
Add WeChat friends to obtain free HK visa!
(free service fee)
Only 10 quotas limited!
Why HACOS Is Your Best Choice?
They all choose HACOS!
What about you?
Accountants with LCCI International Accounting Professional Qualification Certificate and 5 years’ experience in Hong Kong office are responsible for making accounts, ensuring the rationality, legality and validity of accounts.
Unqualified audit report issued by certified public accountant in Hong Kong each year.
We are very familiar with Hong Kong tax requirements. To meet the requirements of the Hong Kong government, HACOS uses Hong Kong’s formal accounting profession software for accounting.
All current documents accounts are managed by our professional accounting teams. You can enjoy high-level, professional accounting services and high efficiency of financia.
What Can HACOS Provide to You?
Legal operation, contracts and invoice documents comply with the requirements of Hong Kong law, and monthly bank statements are made to reduce the additional fees for applying for monthly statements.
Clear English statements can accurately reflect the company’s business situations and financial status.
Account problems can be found in time from the monthly account book, which can avoid financial risks,and enjoy reasonable tax benefits.
Professional consultants offer face-to-face service to interpret audit reports and tax calculation methods.
Provide the whole process of service and never let you miss the audit time.
If you have any questions about audit?
Ask us!
Add WeChat friends to obtain free HK visa!
(free service fee)
Only 10 quotas limited!
