The current tax system in Hong Kong is a territorial tax system. The government will only charge on profit for the trading, profession or business in Hong Kong. Hong Kong does not have value added tax and capital gains tax and other taxes. The current tax system on assessable income taxation only consists of salaries tax, profits tax and property tax.

Profits tax returns will be issued to companies after 18 months of incorporation. In case of no profits tax return has been received, the company should take the initiative to contact IRD in regards to this matter.

Taxpayers can fill in their own tax return and mail to the Inland Revenue Department, but most people do not have full understanding with tax rules which may lead to error reporting and make their own to pay more tax.

Most taxpayers may omit some items, while violation of the Inland Revenue Ordinance will be prosecuted and fined, our Company's tax advisory team is experienced and can definitely use professional tax services to meet your various needs, our services include:

• Be the company’s tax representative
• Complete and submit a different types of tax returns
  
  
  • Profits Tax - Corporations (BIR 51)
  • Profits Tax – Persons Other Than Corporations (BIR 52)
  • Property Tax Return (BIR57)
  • Individuals Tax Return (BIR 60)
  • Employer's Return of Remuneration & Pensions (IR56B)
  • Notification of remuneration paid to persons other than employees (IR56M)
• Calculate the estimated tax to pay
• Provide tax planning services, in a lawful manner and minimize the tax mount of company proprietors should pay
• Replying letters and queries to the IRD promptly
• Application of provisional tax holdover
• Tax case review
• Application of document copies from IRD
• Applying for the re-issuance of rebate checks

For further information about tax services and due to the difference circumstances on every case, please contact our consultants, we will provide you with free consulting services.