accounting services
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Limited companies in Hong Kong will receive a profits tax return form from the Inland Revenue Department every year, and must submit an audit report and tax return form audited by a Hong Kong Certified Practising Accountant to the Hong Kong Inland Revenue Department within the deadline. Generally, the first profits tax return will be issued eighteen months after the company is established, and new companies must file the return within three months after receiving the tax form. If the tax return shows that the company has profits, the Inland Revenue Department will issue a tax payment notice to the company concerned to pay the relevant profits tax. If a company fills in incorrect information on the tax form, omits certain items, or submits the tax return late, it may violate tax regulations. The company concerned may be prosecuted and fined by the tax bureau.
Corporate accounting and tax filing process
Keep accounts for the company regularly
Hire a certified public accountant to prepare an audit report
Filing and submitting profits tax returns
Pay profits tax
Service package
Accounting + tax filing
(Applicable to unlimited companies)
- Use computer to record accounts, organize and file documents in order (*refer to the accounting service fees below)
- Prepare accounts such as general ledger, ledger, bank account, accounts receivable and accounts payable
- Prepare financial statements, including balance sheet and profit and loss statement
- Preparation of chargeable profits tax calculation sheet
- Complete and file the "Profits Tax" section of the Individual Tax Return or the Profits Tax Return - Partnership (BIR52)
Accounting+Audit+Tax filing
(Applicable to limited companies)
- Use computer to record accounts, organize and file documents in order (*refer to the accounting service fees below)
- Prepare accounts such as general ledger, ledger, bank account, accounts receivable and accounts payable
- Prepare bank logarithm table
- Prepare financial statements, including balance sheet and profit and loss statement
- Prepare audit report (*price negotiable)
- Calculation form of profits tax chargeable
- Fill out and file Profits Tax Return (BIR51)
Other tax preparation services
- Fill out and file Individual Tax Return (BIR60) - Salaries Tax/Property Tax
- Complete the employer’s salary and pension tax return form (BIR56A & IR 56B)
- Fill in the notice of payment of gratuity to persons other than employees (IR 56M & IR 6036B)
- Complete Property Tax Return for Joint Properties (BIR57)
*Accounting service fee
Accounting by month
Number of transactions per month (items) | Monthly deposit service fee (HK$) |
|---|---|
0 - 10 |
200 |
11 - 20 |
300 |
21 - 30 |
400 |
31 - 40 |
500 |
41 - 50 |
600 |
51 - 60 |
700 |
61 - 70 |
800 |
71 - 80 |
900 |
81 - 90 |
1,000 |
91 - 100 |
1,050 |
101 - 110 |
1,100 |
110 or above |
Be discussed separately |
Accounting on a quarterly basis
Number of transactions per quarter (items) | Quarterly credit service fee (HK$) |
|---|---|
0 - 10 |
400 |
11 - 20 |
500 |
21 - 30 |
600 |
31 - 40 |
700 |
41 - 50 |
800 |
51 - 60 |
900 |
61 - 70 |
1000 |
71 - 80 |
1100 |
81 - 90 |
1,200 |
91 - 100 |
1,250 |
101 - 110 |
1,300 |
110 or above |
Be discussed separately |
Accounting by year
Number of transactions per year (items) | Annual accounting service fee (HK$) |
|---|---|
0 - 100 |
1,000 |
101 - 200 |
1,500 |
201 - 300 |
2,000 |
301 - 400 |
2,500 |
401 - 500 |
3,000 |
501 - 600 |
3,500 |
601 - 700 |
4,000 |
701 - 800 |
4,500 |
801 - 900 |
5,000 |
901 - 1,000 |
5,500 |
1,001 - 1,100 |
6,000 |
1,101 or above |
Be discussed separately |