In order to file Profit Tax Return as a part of annual obligations of the Company, the Company should maintain all business records that are complied under the requirements of the Inland Revenue Ordinance(IRO). These business records include documents which provide a record of all business transactions, or which enable transactions to be traced and verified through the accounting system from start to finish, e.g. invoices, receipts, cash register tapes, banking records and check butts. The essence of good record keeping is good book keeping. The company must keep business records for at least seven years after the date of the transaction concerned. Even after the Company ceases trading, the Company’s records keeping obligations continue until the seven year period has expired.

Accounting is the preparation of financial statements of the Company. The process begins with book-keeping. Accounting work is required for Profit Tax Return of IRD, Management Financial, and Audit for Tax Filing. This accounting works are prepared in accordance with international accounting standards and are compliant with the requirements of the IRO.

Statutory Audit : according to the IRO, the annual financial statement of the Company is required to be audited by a qualified accountant with a practicing certificate issued by HKICPA (Hong Kong Institute of Certified Public Accountants)

Taxes in Hong Kong are straightforward and predictable. The city only imposes three direct taxes and has generous allowance and deductions, which reduce your taxable amount. Tax is only imposed on profits and income with a Hong Kong source; foreign-sourced income is not taxable even if remitted to Hong Kong. Profit tax is charged only net profit arising in or driving from Hong Kong, from a trade, profession or business carried in Hong Kong. This tax system is an attraction to the foreign investors. Three taxes are:

Profit Tax (capped at) = 16.5%

Salaries tax (maximum) = 15%
Property tax = 15%
No sales tax or VAT
No withholding tax
No capital gains tax
No tax on dividends
No estate tax


ANYHKG’s services are:

  • Provision of general bookkeeping services
  • Preparation of management accounts
  • Preparation of financial statements for management, statutory and third party purposes (monthly, quarterly, semi-annual and annual). Financial statement including Balance Sheet, Cash Flow statement, Profit & Loss accounts and Notes to the Accounts
  • Preparation of budgets, forecasts, business plans and cash flow statements
  • Preparation of profit tax computation, including deductible expenses and allowance
  • Arrangement of auditing services to compile statutory requirement


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