Hong Kong Tax & Accounting Solutions
Eliminate all risks in Hong Kong by outsourcing your tax & accounting to local experts.
Outsource Tax & Accounting
At Top FDI, we have the professional experience as a Hong Kong taxation and accounting service provider. Our goal is to provide transparent tax and accounting services so our clients can be confident knowing that their business is in good hands.
Our Tax & Accounting Procedure
Basic ( No Transactions )
Only the must-have reporting work for government compliance. Filing VAT Filing Surtax Filing Corporate income tax Filing Stamp tax
System Setups
setup accounts and ledgers in accordance with PRC GAAP requirements. Bookkeeping account E-tax System VAT System Fapiao machine
Corporate Accounts
Conduct of regular bookkeeping activities in English and Chinese. Transactions and invoicing Profit & Loss Statement Balance Sheet Company Inspection Audit & Coordination Income Tax Assessment
Coporate Tax Services for Businesses
Hong Kong companies are liable to pay profits tax. With the availability of potential tax savings and government incentives, it is advisable to consult a taxation service provider in Hong Kong to guide you through the process of filing your profits tax return.
Our Hong Kong Taxation Services Includes :
- Completing and filing a profits tax return
- Preparing and submitting Profits Tax Computation with supporting tax schedules
- Application of offshore income claim
- Liaising with IRD on all profits tax assessments, objections and correspondence
Hong Kong Accounting Services
Maintaining your business accounting records is extremely important in Hong Kong, and at the end of the day, it is the responsibility of the Company Directors to keep proper records.
This is why we always recommend outsourcing your accounting in Hong Kong to a professional.
By outsourcing your accounting to a service provider, your company will be able to reduce its overhead and have more effective cost management.
You only need to provide the basic/ raw account material (such as sale & purchase invoice, expenses document…etc). We help you to study one by one, sort and reconcile them.
We will list out any problem/ issue when preparing the report. We will provide any professional suggestions, ideas, and findings during the accounting. We will provide the management account which compliant with the requirement in Hong Kong Accounting Standard after all accounting issues are solved. Not to mention the peace of mind knowing that all of your company’s bookkeeping has been done by a professional.
Our Services
- Accounting, including generation of management accounts for monthly, quarterly, half-yearly or annually
- Preparation of Account Receivable & Account Payable Ageing Reports
- Book-Keeping (included cheque issue, arrange bank transfer)
- Clearing of back-log accounts
- Preparation of Audit Schedules
- Liaising with external auditors and tax agents during financial year-end
With our various accounting plans, we are flexible and able to provide customized services to meet your business needs.
Frequently Asked Questions
What are the standard tax rates in Hong Kong ?
As of 2018/2019, companies pay 8.25% on profits up to HK$2 million and 16.5% on any profits over HK$2 million.
If your business is unincorporated then rates are 7.5% on profits up to HK$2 million, and 15% on profits that are over HK$2 million.
Do all businesses need to file an employer's return ?
Yes. It doesn’t matter how many employees you have or how much profit you make, all Hong Kong businesses are required to fill out their Employer’s Return within 30 days of receiving it.
What kind of tax forms do I need to fill out?
There are typically 3 forms that you need to fill out and send to the Inland Revenue Department.
Employer’s Return (issued the first working day of April)
Profits Tax Return (issued the first working day of April)
Individual Tax Return (issued the first working day of May)
Be sure to fill out and send these forms as quickly as possible otherwise, you stand subject to possible fees or prosecution.
That’s why we always recommend that you hire a one-stop agency like Premia TNC. Here at Premia TNC, we can handle your accounting/ audits, as well as provide your registered office address and receive your mail. This means that we will be providing taxation services that help fill out your tax forms once we receive them, so you don’t have to worry about anything.
Contact us today to inquire about how our taxation services in Hong Kong can help you.
Do I need to outsource my accounting in Hong Kong ?
No, you don’t have to hire an accounting firm in Hong Kong.
Outsourcing your accounting to a firm helps to ensure that your records are kept properly, and that you are protected in the scenario of an audit. That’s why we always recommend setting up your business for success by hiring a professional agency.
Do I need to combine my secretary and accounting services?
While you technically do not need to combine your secretary and accounting, it is the simplest and most efficient way to run your business, we chose to offer both services in the same package. Because doing so will allow you to maximize the efficiency of your business by keeping everything organized under one roof.
This means that when you get important letters from the government, the accounting firm will receive them, read them, and advise you on the best course of action.
This is especially vital when important documents are sent to you, such as the Business Registration Renewal Demand Note and tax letters like Employer’s Return or the Profits Tax Return.
More about outsourced Hong Kong auditing & accounting services?
Under the Companies Ordinance, all Hong Kong companies are required to prepare audited accounts annually.
The Hong Kong Inland Revenue Department (“IRD”) also requires Hong Kong companies to submit Profits Tax Return together with Audited Financial Statements and Profits Tax Computation.