-->  Services

 
Statutory Audit
Accounting and Taxation
Corporate Secretarial
Business Support
Litigation Support
Management Consultant
Corporate Insolvency
Rent Collection and Management
Employment Visas
Trademark Registrations


ACCOUNTING AND TAXATION

ACCOUNTING

We may provide computerized accounting services to all kinds of companies, especially for small size businesses which may not be cost effective to have a full time accountant. Account records can be prepared in monthly, quarterly or yearly to suit the requirements of our clients. Not only our clients can reduce their overhead costs, but also obtain our professional services by outsourcing the accounting works.

Our services cover :

maintenance of accounting books and records

preparing periodic and annual accounts

TAXATION

Anyone who carry out a business in Hong Kong is required to register with the Business Registration Office and to report the profits or losses of the business to the Inland Revenue Department annually.

Hong Kong tax is based on the "territorial" or "source" concept. Thus, as a general rule, Hong Kong tax is only levied on income or profit derived from within Hong Kong

Hong Kong sourced income can be taxed in three ways, Profits Tax, Salaries Tax and Property Tax. There is no tax on capital gains nor is there any form of dividend or withholding tax.

Profits Tax

Profits Tax is levied on business profits in the following circumstances:

The business is carried on in Hong Kong

The profits are sources from Hong Kong

The applicable rates are 17.5% for corporations and 16% for individuals.

Salaries Tax

Subject to specific personal allowances, Salaries Tax is imposed on all remuneration arising from employment in Hong Kong. It is levied on a graduated scale up to a maximum overall rate of 16%.

Property Tax

This is charged on rents derived from land and buildings located in Hong Kong. Companies are exempt from Property Tax as they are liable to pay Profits Tax on any such income

Our services cover :

  • acting as the tax representatives to prepare and file tax returns for clients

  • tax planning and advice on tax matters for companies and individuals to minimize their tax liabilities legally

  • estate duty and stamp duty planning

  • assistance in handling queries from Inland Revenue Department, tax field audits, tax investigation and appeals

  • preparing and filing of Employer's Returns, Tax Returns for individuals and Property Tax Returns

  • Preparing Personal Assessment Returns