We understand that your business needs robust financial administration to allow an accurate insight and overview for management and tracking purposes. With bespoke accounting solutions administered by our highly qualified in-house team of accountants we can ensure compliant, transparent and accurate reporting for your business.
With both custom and standard monthly and annual reports available you will be up-to-date on the financial status of your company to better facilitate strategic decisions and deployment. In addition to on-going management and book-keeping for your business, our experienced team of accountants can assist with auditing and tax filing.
For Hong Kong Limited companies, it is a requirement that tax return with an auditor's report be filed annually. Asia Partners (Hong Kong) can assist your company to prepare for your annual tax return filing and liaise with the auditor to complete the audit process.
Taxation in Hong Kong is charged on the assessable profits for a year of assessment. In the year of assessment itself, a provisional tax is to be paid based on the profits assessed for the preceding year. Any excess is then applied against the provisional profits tax payable for that succeeding year.
Hong Kong taxation has a territorial based taxation whereby if the transaction is seen to be offshore in nature it may be possible to obtain a tax rate on that transaction of 0%. The corporate tax rate in Hong Kong for onshore transactions is set at 16.5% and personal income tax is set at 15%.