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TaxAudit

tax audit

Effect
Resolve tax reporting issues
Information
Tax reporting type
Accounting, auditing, and tax reporting processes
Value-added
Recommended
FAQ

The impact of Hong Kong companies not reporting taxes

Freeze Account
Bank accounts and other assets in Hong Kong will be forcibly frozen and deducted
Compulsory cancellation
Serious cases include directors on the blacklist for entry and exit, with a maximum imprisonment of 3 years, and the company is forcibly deregistered
Fines and penalties
The first overdue fine is HKD 1200, and the second overdue fine starts at HKD 3000; The government issues a court summons requesting to appear in court and pay a fine
Damage to reputation
Unable to obtain commercial loans from legitimate channels for capital turnover; Investors may have doubts about the company's financial situation and easily lose confidence in the company

Hongfu'an solves your tax filing problem

DataCollection

The AI system organizes and categorizes various types of original vouchers for you, easily achieving paperless management of vouchers
ExpertService

We will arrange senior financial and tax experts to provide you with professional and compliant financial statements
StoreSearch

We will store your tax documents in the asset center of your account for easy access at any time
AnswerRapid

We will arrange a dedicated account manager for you to answer your questions and clarify any doubts at any time

Materials required for bookkeeping and tax reporting

01
Latest Business Registration Certificate
02
Latest Annual Declaration Form
03
Audit report for the previous year (if any)
04
Bank statement
05
Sales and procurement: purchase order/invoice/packing list
06
Expense receipts (such as rent, utilities, hospitality, transportation, etc.)

Types of tax reporting for Hong Kong companies

Special note: According to the new regulations in 2023, zero declaration tax returns submitted to the Hong Kong Inland Revenue Department must also be accompanied by an audit report signed by a Hong Kong accountant

Normal tax reporting：

Hong Kong companies that have opened accounts and have normal trade fund transactions: bookkeeping can be done by the company's finance department themselves or by a professional company on their behalf; The audit must be conducted by a Hong Kong accountant.
Zero declaration inactive report：

The Hong Kong company has no operations and has not opened a bank account, or has a bank account without any financial transactions, and the company has not purchased any property assets.

Hong Kong company bookkeeping, auditing, and tax reporting processes

Firm Quote
Submit documents
Report signature
Complete audit
Complete tax payment

Price calculated based on the company's annual revenue
You provide valid information for our accountant to process and issue financial statements
After the auditor reviews and issues the audit report, which has been signed and confirmed by your director, we will submit it to the Hong Kong Inland Revenue Department
Collect files, audit completed
The tax bureau issues a tax payment notice and pays the amount according to the amount on the tax payment notice

Value-added services

Tax declaration
Tax Payment Notice
Payment of taxes on behalf of others
Tax refund on behalf of others

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Senior financial and tax expert, accounting and auditing, professional compliance

¥2680.00

Original price￥3280.00

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Frequently asked questions

What is Hong Kong company accounting audit?

Hong Kong company audit is conducted by licensed accountants in Hong Kong to verify and approve the financial accounts of Hong Kong companies for one year or more, and to provide responsible explanations to Hong Kong government departments in the form of relevant document reports
When do Hong Kong companies need to conduct accounting audits?

Hong Kong companies report taxes annually, which means they need to report taxes once a year. Newly established Hong Kong companies can defer their tax filing for the first year to the 18th month, and file once every 12 months thereafter
How to choose the company's year-end closing date?

Most Hong Kong companies choose March 31 or December 31 of the current year as their year-end closing date. For those who choose March 31st as the annual settlement date, they can file their profits tax returns before November 15th of the current year. For those who choose December 31st as the annual settlement date, they can file their profits tax returns before August 15th of the following year.
Does the company need to be audited if it has no business operations?

Need; According to the new regulations in Hong Kong in 2023, zero declaration tax returns must also be accompanied by an audit report signed by a Hong Kong accountant when submitted to the Hong Kong Inland Revenue Department