In Hong Kong operating companies, tax auditing is not only a legal requirement, but also a key link for enterprises to maintain banking relationships, optimize tax costs, and achieve long-term development.

According to the Companies Ordinance and Inland Revenue Ordinance of Hong Kong, all limited companies registered in Hong Kong, regardless of whether they have business operations or profits, must undergo annual accounting audits and submit audit reports to the Inland Revenue Department.

Neglecting this obligation may result in fines, restricted bank accounts, and even the risk of directors being prosecuted.

📖 Statutory compliance requirements: According to the Hong Kong Companies Law, limited companies must hire licensed registered accountants to audit their financial statements annually and issue audit reports

🏦 ● Maintain bank accounts: Hong Kong banks conduct regular risk reviews and require companies to provide the latest audit reports to assess operational compliance

👥 ● Protecting shareholder rights and interests: Audit reports provide independent and impartial assurance of the company's financial condition, helping shareholders understand the true operational situation of the company

💰 ● Support financing and listing: Standardized audit reports are important documents for companies to apply for bank loans, attract investment, or raise funds in the capital market

⚖️ Pre conditions for company mergers and acquisitions and deregistration: When equity transfer or company deregistration occurs, Hong Kong government departments will require the company to provide the latest audit report

Normally, if any of the following situations occur in a company, it is considered to have operational activities and must be audited:

💳 • There are records of fund transactions in the bank account 📦 • Selling or purchasing of goods or services 👨‍💼 • Hiring employees in Hong Kong 📝 • Holding intellectual property rights such as patents and trademarks, and authorizing their use in Hong Kong 🏢 • Renting offices or warehouses in Hong Kong 🔄 • Related transactions involving affiliated companies or other entities

⚠️ Special note: Even if the company is in a loss making state or "has not generated income", as long as it is not in a "non operating" state, it still needs to submit an audit report and tax return.

We are well versed in Hong Kong accounting standards, auditing standards, and tax regulations, providing comprehensive audit and tax services to various Hong Kong companies

(1) Statutory Audit and Assurance Services 📊 • Annual statutory audit: Conduct audits in accordance with the Hong Kong Companies Ordinance and auditing standards, and issue statutory audit reports 📋 • Special authentication services: including loss confirmation authentication, corporate income tax settlement and payment authentication, etc 🌏 • Offshore income exemption audit: providing income source determination and related audit verification support for companies applying for overseas gains tax exemption

(2) Bookkeeping and tax declaration services 📒 • Establish compliant accounts: Establish accounting books and financial statement systems that comply with Hong Kong accounting standards for your company 📝 • Full process proxy tax reporting: organizing invoices, completing bookkeeping, preparing audit reports and profit tax calculation tables

(3) Tax Health Check and Planning 🔍 • Tax risk assessment: Check company accounts and transactions to identify potential tax non-compliance risk points 💡 • Tax optimization suggestion: Provide legal tax saving solutions within the legal framework, combined with Hong Kong's tax preferential policies

(4) Audit related consulting and support 🏦 • Bank review support: Assist in preparing financial documents required by the bank and respond to due diligence investigations by the bank ⚡ • Emergency response to audit issues: Provide emergency remedial plans for companies that have overdue payments or received tax bureau reminders or fines

Our team is composed of senior accountants and tax consultants who are familiar with Hong Kong regulations and proficient in the operational models and common audit difficulties of Hong Kong companies.

We adhere to the service philosophy of "professionalism, compliance, and efficiency" and are committed to creating additional value for your company through professional services

✅ ● Enhance company reputation: Compliance audit records help improve the company's reputation in the eyes of government agencies and business partners 💰 Optimize tax costs: Through professional tax planning, the overall tax burden of the company can be reduced while complying with regulations 🏦 Ensuring account security: Continuous compliance audit records are an important cornerstone for maintaining the stability of Hong Kong bank accounts 📈 ● Support business decision-making: Clear and reliable financial statements provide valuable decision-making references for company owners and management

Get professional tax audit services for Hong Kong companies, enabling your business to thrive on the international business stage in Hong Kong!