HK Bookkeeping,
Audit & Tax Filing
Statutory audit and bookkeeping compliance in accordance with HKFRS. Includes Profits Tax Return preparation and legal Offshore Exemption claims.
Graduated scale depending on transactions, keeping startup costs predictable.
Statutory Compliance Notice: Zero Returns
Zero filing is strictly forbidden for active accounts. If any bank transactions occur, you must file audited accounts. Non-compliance results in severe tax evasion penalties, treble fines, and legal prosecution.
HK Tax System Highlights
One of the world's most competitive tax jurisdictions — professional tax filing is key to maximizing your tax benefits.
| Tax Type | Rate / Policy | Description |
|---|---|---|
| Profits Tax Rate (First HKD 2M) | 8.25% | 16.5% on profits above HKD 2M |
| VAT / GST | 0% | Zero value-added tax, low tax burden |
| Capital Gains Tax | 0% | Asset gains are completely exempt |
| Dividend Withholding Tax | 0% | No tax on outgoing dividends/remittances |
| Offshore Claim Exemption | Exempt | Requires Offshore Exemption approval |
Our Accounting & Tax Services
Bookkeeping & P&L Prep
Organize bank flow, sales invoices, and vendor receipts into ledger, balance sheet, and P&L.
Statutory CPA Audit
Appoint qualified HKICPA-registered CPAs to conduct annual statutory audit and issue audit report.
PTR Tax Return Filing
Draft and submit Profits Tax Return (PTR) to IRD, claiming deductions and applying for extensions.
Offshore Exemption Claim
File an Offshore Exemption Claim for companies with pure offshore activity, reducing tax to zero.
Management Accounts
Customize P&L and cashflow charts for e-commerce or foreign SOHO to show business margins.
IRD Tax Query Defense
Draft professional written replies to IRD query letters concerning offshore tax exemption claims.
Bookkeeping & Audit Process
Collect Documents
Submit bank flow statements, trade contracts, bills of lading, and invoices.
Bookkeeping
Our accountants input details into proper ledgers and prepare trial balances.
Statutory Audit
HKICPA-registered CPA reviews ledger records and issues statutory audit report.
Tax Filing
Compute tax liability and file Profits Tax Return (PTR) along with audit report to IRD.
Accounting & Audit FAQ
No. Any transaction activity in the bank account defines the company as active. Fraudulent zero returns face heavy penalties, treble fines, and potential prosecution.
Typically within 18 months from the date of incorporation, when the IRD issues the first PTR. From the issue date, you have a statutory period to file.
If your company contracts are signed, operations managed, and customer support located outside HK with no local office or staff, you can claim 100% tax exemption.
Get a Free Assessment Today
💡 Inaccurate bookkeeping or past due PTRs incur high interest penalties. Submit details for a free 3-minute diagnostic from our CPA compliance team.