A Hong Kong private company (limited liaility company) requires one shareholder, one director, a Hong Kong addresss and a Company Secretary. In addition, there is no restriction on the amount of share capital. More
A company is required to notify the Companies Registry on the changes of its particulars, maintain proper books of accounts, file Annual Return, file Tax Returns etc to Maintain itself in Good Standing. More
Due to its Territories Tax
System, a company will not be subject to Hong Kong Profits
Taxes if it derives all its income from business activities
performed outside Hong Kong. More
HONG KONG BUSINESS TAX FILINGS
Tax Filing Services
Normally, a tax return for each year of assessment will be
issued to individuals, sole proprietor, partnership, property
owner, limited company incorporated in Hong Kong, and company
incorporated elsewhere but with a business establishment in
Hong Kong. Individuals and companies must fill out the return
and submit them to Inland Revenue Department within one month
from the date the return is issued or other dates as specified
in the tax returns.
Preparation and Filing of Tax Return
Basic
Service Charges
salaries
tax
from
HK$300
property
tax
from
HK$300
sole proprietor
from
HK$500
partnership
from
HK$1,500
limited
company
from
HK$3,000
The actual amount charged will be varied on the basis of
the nature of business, volume of transactions, the scale
of business etc. We will prepare the necessary supporting
documents, prepare the tax return and submit them to Inland
Revenue Department on clients' behalf.
Extension and Objection
Any individuals or companies can apply in writing to Inland
Revenue Department for an extension of time for filing of
any returns they received before the deadline stated in the
tax return. The deadline for filing of most returns is a month
after the date of issue of that return. You can appoint us
as your tax representative or request us to handle the extension
and objection procedures for you. Our service charges are
as following:
(1) Objection to assessment or provisional assessment : HKD400;
(2) Application for extension for submission of tax from HKD200.
You are reminded that the fees stated above is for general
case and reference only. Actual amount of fees to be charged
will be negotiated and decided in a case by case basis.
Tax Planning
A properly arranged tax plan can in one way or another reduce
your tax liability. We will evaluate your needs and your financial
position and then draft a plan for you.
Charges for our tax planning services will be negotiated.
Please call us for a free preliminary consultation.
