About Hong Kong SAR
Hong Kong SAR is one of the world's freest economies, offering low tax rates, no VAT, and a common law legal system. A premier gateway to mainland China and a leading financial and trade hub in Asia-Pacific.
Remotely Process Your Hong Kong companies have no operational audits
Ensure your dormant company's compliance with Hong Kong regulations through our comprehensive Hong Kong Dormant Company Annual Audit service. Even non-operational companies must file a Hong Kong Corporate Tax Return annually, and our specialized service ensures your dormant status is accurately reported. We provide detailed non-operational audit services tailored for Hong Kong SAR customers, highlighting any required supplementary forms to profits tax returns. Leverage our expertise to navigate the complex tax landscape, ensuring you meet the series of profits tax return forms requirements without the stress. With tax incentives and exemptions available for dormant companies, our service guarantees your business remains in good standing, potentially benefiting from the income exemption FSIE regime. Don't let the year of assessment or the working day of April catch you off guard—trust our team to handle all aspects of your dormant company's tax obligations efficiently and accurately.
Service Included
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- Provide Hong Kong company non-operational audit services for Hong Kong SAR customers.
Number of services already included in this product: 1.00
Memo
- Hong Kong companies must file tax returns annually. If there is no operation, a non-operating audit needs to be conducted.
Frequently Asked Questions
All Hong Kong companies are required to file an annual corporate income tax return, even if the company is not in business. The Hong Kong income tax rate is 16.5%. Generally, a Hong Kong company must file its financial statements and pay any tax due within two months after the end of its financial year (generally January 1 to December 31).
Tax exemption
Offshore companies conduct business outside of their jurisdiction. In the Hong Kong Special Administrative Region, as long as the offshore company's income is sourced from outside the region, it is not required to pay corporate income tax.
Free market economy
Hong Kong is one of the world's freest market economies and among the easiest places to do business. The SAR government maintains a free trade port with minimal intervention, providing various incentives that foster open commerce and attract international enterprises.
Investment and financing
As Asia's largest capital market, Hong Kong offers diverse financing channels including IPOs, syndicated loans, private equity, and RMB bonds. Over 150 international and local banks operate here, with 70 ranking among the world's top 100.
Trade and logistics
As a logistics and maritime services center and regional trade hub, Hong Kong can serve as a partner for "Belt and Road" countries in areas such as road, rail, air, and sea transport, providing support services such as research and management consulting.
General CIT Rate
Corporations: 8.25% on the first HKD 2 million of assessable profits and 16.5% on the remainder; unincorporated businesses: 7.5% on the first HKD 2 million and 15% on the remainder.
CIT Return Due Date
The tax return forms are typically released on the first working day of April each year. The filing deadline is usually within one month from the day the forms are released. Certain companies (e.g., those with a fiscal year ending on December 31) may have an extended filing deadline, typically until August 15 of the year the forms are released, and in certain circumstances (e.g., electronic filing), extensions may be granted.
CIT Payment Due Date
For companies with a fiscal year ending on December 31st, the final tax payment for a specific tax year is typically due in November of the year when the tax return is filed.
CIT Estimated Payment Due Date
For companies with a fiscal year ending on December 31st, interim taxes for a specific tax year will be paid in two installments, typically due in November of the current year and January of the following year.
Resident Withholding Tax (Dividend/Interest/Royalty)
0/0/0
None-Resident Withholding Tax (Dividend/Interest/Royalty)
0/0/2.475-4.95
General VAT Rate
NA
Composite Effective Average Tax Rate
14.28
Composite Effective Marginal Tax Rate
2.01
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