Tax audit of Hong Kong companies
File your annual report quickly and avoid costly mistakes with the help of our expert team. Use your Ingstart account to keep track of business documents and future documents and reports.
Which companies need accounting audits?
The bank account has left operating records
Government customs and logistics companies have left import and export records
Buying and selling relationships with merchants from Hong Kong, China
Employees have been hired in Hong Kong, China
Permit or authorize the use of patents, trademark designs, etc. in Hong Kong, China
Permit or authorize the use of movable property in Hong Kong, China to collect rent, rental fees, etc.
Entrust sales in Hong Kong, China
Other profits derived from or arising in Hong Kong, China
The impact of Hong Kong companies not filing tax returns
Tax form application
The Company Tax Regulations of Hong Kong, China clearly stipulate that you must apply for a tax form upon receipt.
Account Freeze
Failure to file taxes will directly lead to the freezing of bank accounts in Hong Kong, China.
Forced logout
The company will be forcibly canceled and the directors will be included in the entry and exit blacklist.
Submit corporate tax
Log in and file quickly and accurately, and a professional team will organize your company tax
Start nowWhy choose us
Perfect service system
Select the company that requires tax audit in your INGSTART account and click to submit tax-related reports.
Professional operation team
INGSTART receives the tax report you submitted, submits your tax report in real time, and notifies you when the tax report is completed.
The impact of overdue tax returns for companies in Hong Kong, China
First overdue fine
Fine 1200HKD
Second overdue fine
Fine 3000HKD
Generated estimated tax and received estimated tax penalty multiple times
Fine 10,000HKD
Maximum imprisonment of 6 months
6 months imprisonment
Received court summons
Court
Tax compliance and the impact of CRS tax information?
The advantages of choosing to file tax returns in Hong Kong, China
There are few taxes in Hong Kong, China, and the tax rate is low. The corporate income tax rate is 16.5%. There is no value-added tax in Hong Kong, China, and there is no concept of invoices. Therefore, a proforma receipt can be used to make accounts and adjust the company's accounts to losses Or stay the same, thus achieving the goal of paying less or even no tax.
Choose a formal accounting firm in Hong Kong, China for accounting and auditing
Choose a formal accounting firm in Hong Kong, China, which can take into account the actual operating conditions of the Hong Kong, China, company, formulate the company's accounting and audit plan, reasonably divide the accounting accounting year, issue a formal accountant's audit report, and submit it to the Hong Kong Inland Revenue Department. , complete the tax declaration work.
Issuing a formal audit report leaves the tax bureau with no room for criticism
The accounts of Hong Kong companies must be handled by Hong Kong certified public accountants recognized by the Hong Kong Institute of Certified Public Accountants, and an audit report that complies with the tax regulations of Hong Kong must be issued. The Hong Kong Inland Revenue Department will generally issue an audit report within one week after receiving the report. Acceptance receipt.
Information required for accounting and auditing of companies in Hong Kong, China
Bank statement and corresponding bank receipt and payment notice
All expenditure receipts (including receipts issued by our company and those issued by the other party)
All invoices (including purchase and sales invoices, etc.)
All agreements, contracts, customs declarations, bills of lading
If you are paid, you need to provide a copy of the labor contract, salary schedule, and ID card
Complete set of documents for company establishment (articles of association, annual return, business registration certificate, etc.)
If there is a rental house, you need to provide a copy of the rental contract and the lessor's ID card
If you have a letter of credit business, you need to provide the issued letter of credit message. If you have a discount forfaiting business, you also need to provide the bank's discount slip in order to calculate the interest.
If there are fixed assets, a list of fixed assets needs to be provided including the name of the fixed assets, date of purchase, original position, depreciation period and depreciation rate