Taxation for Hong Kong Limited Company
Taxation for Hong Kong Limited Company
When you start a business, the most dreaded thing is to file a tax return at the end of the year, and you will be overwhelmed by the piles of documents. Hong Kong limited company tax return is a legal responsibility, not only to fill out the BIR51 tax return, the most important thing is to find a licensed auditor to do the audit report, this step can not be saved!
Many bosses think that they don't care if their company is not profitable, but in fact, they have to submit the exemption form on time, otherwise they will be penalized by the Inland Revenue Department at any time. Smart businessmen will find a professional team to help them, so that they can focus on developing their business without worrying about tax issues.
M&N Business Services specializes in helping Hong Kong SMEs to arrange tax filing and auditing, from organizing documents to submitting reports in one-stop, and teaching you how to make the best use of the two-tier system of profits tax and various tax allowances, to save as much as possible legally. Tax filing is no longer a hassle, let us help you to deal with it easily!
Hong Kong Limited Company Taxation Procedure
Audit Audit: Appointment of a Hong Kong licensed auditor to conduct an audit and issue an auditor's report (as required by law).
Filing of tax return: Complete the Profits Tax Return (BIR51) and submit it to the Inland Revenue Department (IRD) together with the audit report.
Why choose M&N Business to help you with your tax return?
Save Time
M & N provides a full range of corporate tax filing services, including tax consulting, bookkeeping, audit arrangement and filing of corporate profits tax returns to the Inland Revenue Department, so that enterprises do not need to worry about the cumbersome process of filing tax returns and complete the compliance filing efficiently.
Understanding your needs
As a professional secretarial firm, we understand the pain points that companies often encounter when filing tax returns, and our team will follow through the entire tax filing process comprehensively to fulfill the company's tax filing requirements in compliance with statutory requirements.
Corporate tax return fees are clear
M & N provides clear and transparent tax filing fees to ensure that prices are reasonable and fair with no hidden fees.
Hong Kong Limited Company Tax Return Time
Taxation Services for Hong Kong Limited Company
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Frequently Asked Questions about Taxation for Hong Kong Limited Companies
Even if your company is not yet in operation, as long as you have received your tax return from the Inland Revenue Department, you have to declare your "not yet in operation" status on time. Many bosses think they don't need to file a tax return, but they end up receiving penalty letters for no reason!
That's why it's important to have a good audit, because it's the law! M&N will teach you how to utilize this "money-losing advantage".
"Zero Return" is only suitable for companies with no bank account and no business records. As long as your company has paid wages, received money from customers, or even paid rent, making a zero declaration is just like asking for trouble, and you will be susceptible to random checks by the Inland Revenue Department!
It is true that you can save tax, but it is not as simple as filling out a form. You need to prepare sufficient evidence to convince the IRD that your business and profits have nothing to do with Hong Kong, and M&N has successfully helped many of our clients to understand the IRD's assessment requirements.
Simply put, all documents related to your company's income and expenses should be kept, including bank statements, sales and purchase agreements, payroll records, receipts, etc. M&N will provide you with a clear checklist to show you how to keep them in a systematic manner.
We will not only help you to fill in the forms, but more importantly, we will be your tax partner. We will remind you of your tax deadlines and teach you how to save tax legally through your daily business arrangements, so that you can really save money and time.