Hong Kong adopts a territorial source principle of taxation. Only profits which have a source in Hong Kong are taxable here. Profits sourced elsewhere are not subject to Hong Kong Profits Tax.

For more details, please refer to our services.

The Inland Revenue Ordinance (Cap 122) provides for the levying of three separate direct taxes for a year of assessment.

Tax System in Hong Kong:- Simple, predictable and low tax system. In 2016/17:

• Profits tax is capped at 16.5%
• Salaries tax is at maximum at 15%
• Property tax is 15%
• No sales tax or Valued Added Tax (VAT)
• No capital gains tax
• No tax on dividends
• No estate tax
• No capital duty

Under the Companies Ordinance, every company must have a company secretary.

The company secretary must be a Hong Kong resident or a body corporate having its registered office or place of business in Hong Kong.

We will act as your Company’s Profits Tax representative to release your compliance burden.

We will provide professional due care and act as your adviser to solve the problems you meet.

Every Hong Kong limited company will receive its Profits Tax Return from Inland Revenue Department (“IRD”) in around eighteenth month from its incorporation.

No matter your business is carried out in Hong Kong or outside Hong Kong, you are required to submit audited accounts with the Profits Tax Return timely and properly.

Therefore, you are encouraged to have your company’s accounting records much earlier than the Profits tax return to be issued as to allow some time to have the accounts audited. To ease your compliance burden, we will act as your tax representative and auditor.