Tax compliance services
in Hong Kong.

Keep your taxes in check with our reliable tax compliance services. We are well versed in dealing with the Inland Revenue Department (IRD) and will fulfil your tax filing obligations on time, accurately report your assessable income and help minimise your tax liabilities.

Tax compliance services in Hong Kong

Stay on top of your tax compliance.

On-time filings & returns

We make sure to prepare, calculate and file your returns accurately and on-time, helping you always stay compliant and avoid penalties or late fees.

Always up-to-date

Our tax team constantly stays up to date with changes in tax regulations, so you do not have to – both locally in Hong Kong and even on the regional level for companies operating across Asia.

Strategic tax advisory

Besides meeting your statutory tax obligations, we can offer strategic tax advice on optimising your tax spendings, decreasing the risk of double taxation, tax incentive systems and more.

Corporate & personal annual tax compliance

Our tax compliance services.

Corporate tax compliance.

  • Profits tax return

    We can assist with the preparation of your annual Profits tax return, including distinguishing deductible and non-deductible expenses as well as identifying capital gains, which are not taxable and determining non-taxable offshore income. We will also examine your eligibility for capital allowances on your plant and machinery and business premises. What is a profit tax?

    Profit tax in Hong Kong

    Every company in Hong Kong must file a Profits Tax return with The Inland Revenue Department (IRD), along with the audited financial statements of the company. Individuals, sole proprietorships, partnerships and property owners are also required to file annual Profits Tax returns.

    The IRD issues tax returns on 31st March each year to all persons and corporations required to file a tax return. Such persons and corporations should complete and file tax returns to the IRD within a month, together with any necessary documentation. Extensions of time for lodgement can be requested – late lodgement (without the IRD granting an extension) will result in penalties being levied on the company. For newly incorporated companies, Profits tax returns are issued within 18 months of the business commencement date of companies in Hong Kong.

    Annually

  • Employer’s return

    We can assist with the completion and lodgement of these returns to the IRD. The IRD will send each employer in Hong Kong a Form BIR56A by 31st March each year. The form is completed and submitted by the employer reporting remuneration and pensions paid to their employees for the previous calendar year, and is to be returned to the IRD within one month upon receiving it. Additionally, the employer must also complete Form IR56B for each employee. It is a salary and pension report that employers may submit in paper or a digital format.

    Annually

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Personal tax compliance.

  • Personal income tax return

    We can assist with the completion and lodgement of these returns to the IRD. The IRD will send each employer in Hong Kong a Form BIR56A by 31st March each year. The form is completed and submitted by the employer reporting remuneration and pensions paid to their employees for the previous calendar year, and is to be returned to the IRD within one month upon receiving it. Additionally, the employer must also complete Form IR56B for each employee. It is a salary and pension report that employers may submit in paper or a digital format.

    Annually

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FAQ

Common questions.

What is the corporate tax rate in Hong Kong?
The corporate tax rates regime in Hong Kong is two-tiered: for the first HK$2 million of assessable profits is 8.25%, assessable profits above HK$2 million will be subject to the rate of 16.5%.
Is offshore income exempted in Hong Kong?
Only income sourced from Hong Kong is taxable. However, this is not automatic. If a Hong Kong company fulfills the following requirements, it may choose to lodge an offshore claim when it file the profits tax return. Inland Revenue Department will then issue questions and the company has to reply with supporting documents. Once the offshore claim is successful, the profits is exempted from tax.
What is the VAT rate in Hong Kong?
There is no VAT in Hong Kong.
Does Hong Kong have a VAT refund?
Not applicable (doesn’t have VAT, so no refund either)
Ready to get started?

Make running your business in Hong Kong easier with our reliable tax services.

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on starting & managing your company
in Hong Kong.

Winnie Li, Acclime Director

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