What types of tax return I need to file in HK?

There are mainly 3 types af tax returns, you need to file to the IRD: Employer’s Return, Profit Tax Return and Individual Tax return. Each entrepreneur is obligated to file these 3 tax returns each year since the first return is received.

When do I submit my first audit report to IRD?

If you have formed a HK company, you’ll receive your first Profit Tax Return (PTR) in 18 months after the date of incorporation. Thus you’ll need to well prepare your accounting records and submit your first audit report together with the completed tax return to the IRD.

What expenses could be deductible from Assessible Profits?

Generally, all outgoings and expenses, to the extent to which they have been incurred by the taxpayer in the production of chargeable profits, are allowed as deductions.

Do I need to file tax return to the HK Govt for my offshore business?

For those companies registered in offshore jurisdictions but having profit derived from HK, they are still liable to HK Profit Tax. It means these businesses need to file the Profit Tax Return to the IRDRead more: Hong Kong offshore tax exemption

Do I need to audit the accounts if my Hong Kong company is inactive or the turnover is small?

The requirement to audit the accounts of the company is set down by the Companies Ordinance. The Ordinance does not provide any conditions under which no audit is required.

Profit accounting Hong Kong - Do I need to do accounting?

The Government of Hong Kong requires all companies incorporated in Hong Kong must keep financial records of all transactions including profits, revenues, expenses should be documented.

18 months from the date of incorporation, all companies in Hong Kong are required to file their first tax report which consists of accounting and auditing reports. Furthermore, all Hong Kong companies, including Limited Liability, the annual financial statements must be audited by external independent auditors who hold the Certified Public Accountants (CPA) license.

One IBC offers our Accounting & Auditing services to all of our clients who are operating their companies in Hong Kong. Our offered services include:

Coordination and advice for setting up bespoke accounting systems.
Bookkeeping and annual accounts preparation.
Periodic management accounts and reports.
Budget and cash flow preparation and forecasts.
Compliance with Hong Kong Inland Revenue Department (IRD), Securities and Futures Commission (SFC) reporting requirements if any.

For more information, please send us an inquiry via email: [email protected]

Set Up Now

Leave us your contact and we will get back to you the soonest!

Full Name *

Email Address *

Phone Number *

Communication Channel *

Your inquiries *

How did you know about us *

Which country do you want to setup company ? *

Additional Request(s)

Will you allow One IBC to send you notifications?

Do I need to do accounting for my offshore company in Hong Kong?

One IBC offers our Accounting & Auditing services to all of our clients who are operating their companies in Hong Kong. Our offered services include:

Read more:

Leave us your contact and we will get back to you the soonest!

Related FAQs

Download One IBC Mobile App now

What the media say about us

About Us