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Helping businesses go global
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15year
Singapore company tax audit experience
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9year
Experienced team of senior accountants
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16000+
Partner
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98%
Customer cooperation rate
According to relevant laws and regulations in Hong Kong, Hong Kong companies entrust local licensed accountants to audit the company's accounts and statements, and issue audit reports. An audit report is one of the necessary documents for a company to fulfill its tax declaration obligations. Newly established companies must start auditing and filing taxes within the 18th month of establishment and complete them within 3 months. Non newly established companies shall conduct audit and tax reporting on the year-end balance sheet and complete it within one month. Companies with annual closing dates in March and December can apply for a maximum extension of 8 months. The company must pay attention to collecting and organizing relevant original receipts in daily work to avoid overdue due to time constraints. The tax bureau can trace tax information for 7 years, so relevant information must be kept for inspection purposes.
HONG KONG COMPANY TAX AUDIT
The consequences of Hong Kong companies not reporting taxes and conducting audits
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1
Freeze AccountBank accounts and other assets in Hong Kong will be forcibly frozen and deducted -
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Compulsory cancellationSerious cases include directors on the blacklist for entry and exit, with a maximum imprisonment of 3 years, and the company is forcibly deregistered -
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Fines and penaltiesThe 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 -
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Damage to reputationUnable 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
If you have any doubts, feel free to consult online now to solve your core problems
HONG KONG COMPANY TAX AUDIT
Hong Kong companies must conduct audits in the following situations
- Your Hong Kong company bank account has left operating records
- The government customs and logistics company have left your Hong Kong company's import and export records
- Your Hong Kong company has established a purchase and sales relationship with Hong Kong merchants
- Your Hong Kong company has already hired employees
- Your Hong Kong company allows or authorizes the use of patents, trademark designs, etc. in Hong Kong
- Your Hong Kong company allows or authorizes the use of movable property in Hong Kong to collect rent, rental fees, etc
Under what circumstances can Hong Kong companies be exempted from auditing?
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Professional and rigorous service, customers can choose us with more confidence
Since conducting business online, Xingye Accounting has provided services to over 16000 enterprises, including more than 200 TOP enterprises The customer cooperation signing rate is 98%, and the cooperation customer renewal rate is 90% Real customer cases are recorded throughout the entire process, and professional abilities can withstand the test
Hong Kong local accounting firm without intermediaries
Local real business service organizations in Hong Kong The Hong Kong company team can receive you for inspection and assist in handling matters Each branch team of the domestic group can provide on-site service
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Familiar with the tax policies and business environment of various Southeast Asian countries, including Hong Kong, proficient in international tax agreements, and able to provide very professional solutions for enterprises to invest overseas.
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We treat all customers with sincerity, and domestic and Hong Kong companies can provide one-on-one services to customers, achieving quick response and reducing customer worries.
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Can help businesses and customers seamlessly match Hong Kong immigration, children's education, and daily life.
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All services are priced clearly, with real-time feedback on processing progress. If unsuccessful, all fees will be refunded without any disputes, providing customers with peace of mind.
HONG KONG COMPANY TAX AUDIT
Hong Kong company tax audit process
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Pre consultation and contract signing
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You provide valid information, and our accountant will handle the accounting and issue financial statements
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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
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Retrieve documents, audit completed
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The tax bureau issues a tax payment notice and pays the amount according to the tax payment notice
Honor comes from strength, trust comes from professionalism
For the past 15 years, we have been committed to providing reliable overseas investment consulting services to our clients, offering more professional solutions in overseas investment, tax planning, and identity planning, and providing high-value services higher than those in the same industry
Professionalism leads to specialization, and professionals solve problems more thoroughly!
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