Audit and Tax Services in Hong Kong

We provide expert audit services and tax preparation services to ensure your business meets Hong Kong’s stringent regulatory and compliance standards with ease.

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What Is Audit and Tax Compliance in Hong Kong?

Audit and tax compliance in Hong Kong refers to the legal requirement for locally incorporated companies to undergo annual financial audits and submit tax returns. These obligations ensure transparency, proper financial management, and adherence to the Inland Revenue Department’s (IRD) regulations.

Companies must:

Discover Our Comprehensive Audit Firm and Tax Filing Services

Our audit services cover statutory audits, project audits, and more. We offer tailored tax services, including tax filing and preparation, to help you stay compliant with Hong Kong’s tax laws.

Statutory audit, project audit and more

Conducting an audit can be a daunting task, that’s why the audit team at NOVA provides you with reports that meet auditing standards, evaluate and identify risks and internal control issues.

Hong Kong Tax Filing and Computation Services

Let our professional audit & tax team handle your tax filing and computation so that it is accurate, compliant and straightforward.

Submission of Profit Tax Return (Form BIR51/52/54)
Submission of Employer's Returns (BIR56A/56B/56M)
Submission of Individual Tax Return (Form BIR60)
Objection to assessment (Form IR831)
Holdover of Provisional tax (Form IR1121)

Tax Advisory and Auditing Services by NOVA’s Expert

We simplify the tax filing process, ensure your tax is compliant with the ever-changing legal standards, and provide valuable strategic advice for business growth.

Working with us is easy

Our services are tailored for busy business owners like you so that you can focus on things that matter the most

Get an instant quote

Speak with your dedicated relationship manager, and we will provide a quote based on the basic company information you provide.

Submit documents for audit and due diligence

Upon the audit engagement confirmation and due diligence process, we will collect mandatory documents from you to initiate the audit process.

Audit procedure and preparation of the report

Our professional audit team will process the audit within the required and agreed timescales.

Submit report

Our team will prepare the audit reports, obtain the director’s signature and submit the tax computation and tax return to the Inland Revenue Department.

Why NOVA?

We are trusted by over 2,000 businesses worldwide for our professional, reliable, and comprehensive audit and tax services.

Audit and Tax Filing Requirements in Hong Kong

In Hong Kong, all incorporated companies are required to:

Appoint a certified public accountant (CPA) to perform an annual audit
Submit the first Profits Tax Return within 3 months of the issue date
File ongoing returns within 1 month of receiving the PTR
Maintain proper books and records for at least 7 years

Documents You Need for an Audit

Financial statements
General ledger and trial balance
Bank statements
Sales and purchase invoices
Payroll records
Expense claims and receipts
Tax filings from previous years (if applicable)
Company incorporation documents

Deadlines for Filing Profits Tax Return in Hong Kong

The IRD generally issues the first Profits Tax Return 18 months after company incorporation.

Filing deadlines:

The IRD generally issues the first Profits Tax Return 18 months after company incorporation.

What our clients say

NOVA excels in giving us professional advice and is helpful to our customised needs.

Dennis Chan

Managing Director,
Iron Ore Company Limited

NOVA's staff and management team have endeavoured to place us in the office space that suits our evolving consultancy needs

Richard Thompson

Director,
Insite Solutions Limited

I would strongly recommend NOVA to anyone who is embarking on a new business in Hong Kong

Tricia Lim

Managing Director,
Lotus Expat Relocation Services

We could not be more pleased that we selected NOVA to be our initial landing in Hong Kong

Caroline Chow

Business Development Manager,
Gibson Brands

Are all Hong Kong companies required to have audited accounts?

According to the Hong Kong Company Ordinance, all companies incorporated in Hong Kong are required to appoint an auditor for each financial year. Further, the audit report is one of the reporting documents the directors of a company must produce for the annual general meeting.

When should company audit reports be submitted?

Generally, all companies have to submit the first profits tax return and audit report to IRD within three months after the issue date of the first profits tax return.

If companies set the year-end date as 31st Dec or 31st March, they can apply for a block extension from the second financial year. If companies set the year-end date as 31st Dec and apply for the block extension, they can submit the profits tax return and audit report on 15th Aug. If companies set the year-end date as 31st Mar and apply for the block extension, they can submit the profits tax return and audit report on 15th Nov.

How do I choose a financial year-end date?

New companies are free to set any date within 18 months after registration under the Hong Kong accounting standards and the Company Ordinance. If companies set the year-end date as 31st Dec or 31st March, they can apply for a block extension from the second financial year and can submit the profits tax return and audit report later.

How do auditors charge for their service?

Audit fees depend on the estimated time involved in completing the audit engagement. Also, the auditor will consider the professional risk and exposure they generate by issuing an opinion.

How long does it take to complete an audit report?

We normally take three or four months to accomplish the audit once we receive payment and the needed documents (due diligence documents and accounting documents).

Do I need to audit the accounts if my Hong Kong company is inactive or the turnover is small?

According to the Company Ordinance, a company is required to perform the audit and present the audit report to its AGM annually, regardless of its profit amounts or inactive status.

是否所有香港公司均需要進行審計帳目？

根據《公司條例》，香港有限公司一般需要委任核數師，並每年提交經審計的財務報表，以確保公司財務狀況的透明度。

公司何時需要提交審計報告？

香港有限公司在收到稅務局（IRD）發出的利得稅報稅表時，須連同經審計的財務報表一併提交。因此，多數公司每年都需要完成審計程序並提交審計報告。

一般申報期限如下：

首份利得稅報稅表：公司成立後約18個月會收到首份利得稅報稅表，通常需於 1 個月內提交。如委任稅務代表，申報期限一般可延長至3個月。
續份利得稅報稅表：稅務局通常於每年 4月發出續份報稅表，公司需於 1 個月內提交（一般為5月2日前）。

我應該如何為我的公司訂立年結日?

根據香港財務報告準則及公司條例，新公司在註冊後18個月內可自行選擇財政年度年結日，如果公司以12月31日或3月31日為年結，他們可以在第二個財政年度開始時申請延期提交報稅表，以延遲呈交報稅表及審計報告的期限。

核數師如何按他們的服務收費?

根據預計完成審計工作所需時間，將會決定審計費用；此外，核數師亦會考量發表意見所承擔的專業風險，而釐定收費。

完成一份審計報告需要多少時間？

當NOVA 收到費用及所需文件（包括盡職調查及會計文件）後，我們將會在3-4個月內完成審計。

如果我的香港公司已不活動或營業額較小，我是否仍需要審計帳目?

即使公司沒有盈利或交易，只要仍屬活躍公司，一般仍需完成年度審計，並於周年股東大會上向股東匯報審計報告。除非正式申請成為不活動公司並獲豁免，否則仍需履行審計義務。

是否所有香港公司均需要进行审计帐目？

根据香港公司条例，所有于香港注册的公司均须于每个财政年度委任核数师，并于周年股东大会上提交审计报告，以确保公司于该财政年度中，财务状况的透明度。

公司何时需要提交审计报告？

一般申報期限如下：

首份利得稅報稅表：公司成立後約18個月會收到首份利得稅報稅表，通常需於 1 個月內提交。如委任稅務代表，申報期限一般可延長至3個月。
續份利得稅報稅表：稅務局通常於每年 4月發出續份報稅表，公司需於 1 個月內提交（一般為5月2日前）。

我应该如何为我的公司订立年结日?

根据香港财务报告准则及公司条例，新公司在注册后18个月内可自行选择财政年度年结日，如果公司以12月31日或3月31日为年结，他们可以在第二个财政年度开始时申请延期提交报税表，以延迟呈交报税表及审计报告的期限。

核数师如何按他们的服务收费？

根据预计完成审计工作所需时间，将会决定审计费用；此外，核数师亦会考量发表意见所承担的专业风险，而厘定收费。

完成一份审计报告需要多少时间？

当NOVA 收到费用及所需文件（包括尽职调查及会计文件）后，我们将会在3-4个月内完成审计。

如果我的香港公司已不活动或营业额较小，我是否仍需要审计帐目?

即使公司没有盈利或交易，只要仍属活跃公司，一般仍需完成年度审计，并于周年股东大会上向股东汇报审计报告。除非正式申请成为不活动公司并获豁免，否则仍需履行审计义务。

Couldn’t find the answer you need about Hong Kong audit and tax services? Schedule a call with us.

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How should I choose the year-end date of my company?

The Company Ordinance does NOT restrict a company’s year-end date. In other words, the directors are free to determine the year-end date. Normally, most Hong Kong companies choose either 31 March or 31 December as their year-end date.

What are the types of taxes in Hong Kong?

The three main types of taxes levied under the Inland Revenue Ordinance (IRO) are profits tax, salaries tax, and property tax.

What is the scope of the profits tax charge?

Persons, including corporations, partnerships, trustees, and bodies of persons carrying on any trade, profession, or business in Hong Kong, are subject to tax on all profits (excluding profits arising from the sale of capital assets) arising in or derived from Hong Kong from any trade, profession, or business. Therefore, no distinction is made between residents and non-residents. A resident may, therefore, derive profits from abroad without paying tax; conversely, a non-resident may be taxed on profits made in Hong Kong. Whether a business is carried on in Hong Kong and whether profits are derived from Hong Kong is largely a matter of fact; however, some guidance on the principles applied can be found in cases that have been considered by the Hong Kong Courts and the Privy Council. No tax is levied on profits arising abroad, even if they are remitted to Hong Kong.

If a person sells his flat or any property as part of a profit-making scheme, it will be regarded as a business, and he is required to pay tax on any profit he may make.

What are the Hong Kong tax system's characteristics?

1) Simple tax system
2) Territorial source concept
3) No tax on dividends
4) No sales tax, consumption tax, or value-added tax
5) No withholding tax on dividends and interests
6) No capital gains tax
7) No estate duty

What are the profits tax rates in Hong Kong for corporations and unincorporated businesses?

The statutory tax rate is 16.5% for corporations and 15% for unincorporated businesses. A two-tiered profits tax rates regime applies 8.25% for corporations (7.5% for unincorporated businesses) on the first HKD 2 million of assessable profits and 16.5% for corporations (15% for unincorporated businesses) on the remainder of assessable profits.

How does the IRD decide whether a company is carrying on a business in Hong Kong?

In consideration of whether a company is carrying on a business in Hong Kong, the IRD applies “Six Badges of Trade” as follows:
‍
1) Profit-seeking motive at the time of acquisition
2) Subject matter of the disposed commodity
3) Length of ownership
4) Frequency of similar transactions
5) Supplementary work done on the property
6) Circumstances leading to the disposal

When should a limited company submit the profit tax return once incorporated?

Generally, the profits tax return and any required supplementary forms should be filed within one month from the date of issue. The compliance date of submission is specified on page one of the profits tax return. In the case of a newly incorporated company, the IRD usually allows the taxpayer to spend more time preparing the profits tax return and any required supplementary forms, which should be filed within three months from the date of issue. A block extension scheme may be applied to certain companies when their conditions fit the IRD-stated requirement. For details, please consult our relationship manager.

What is a Hong Kong company's tax obligation?

A Hong Kong company is liable for profits tax if certain conditions are fulfilled, as stated in the Inland Revenue Ordinance (Chapter 112).

我應該如何為我的公司訂立年結日?

公司條例並無限制公司的年結日為哪日，董事可自由決定年結日。一般而言，大部分香港公司會選擇3月31日或12月31日作為年結日

香港有那幾種稅項?

稅務局主要徵收三種稅項，包括利得稅、薪俸稅及物業稅。

利得稅的課稅範圍有哪些？

任何人士，包括法團、合夥業務、受託人或團體，在香港經營行業、專業或業務而從該行業、專業或業務獲得於香港產生或得自香港的應評税利潤（售賣資本資產所得的利潤除外)，均須納税。徵税對象並無居港人士或非居港人士的分別。因此，居港人士得自海外的利潤可毋須在香港納税；反過來說，非居港人士如賺取於香港產生的利潤，則須納税。至於業務是否在香港經營及利潤是否得自香港的問題，主要根據事實而定，但所採用的原則可參考在香港法庭及英國樞密院判決的税務案件。於海外產生的利潤，即使將款項匯回香港，亦毋須納税。

要注意，如任何人士出售樓宇或物業，而該收益是屬於營利計劃的一部分，則該人士會被視為經營一項「業務」，並須就任何賺取的利潤納税。

香港稅制有何特點?

1) 簡單稅制
2) 地域來源徵稅原則
3) 無股息稅
4) 無銷售稅、消費稅或增值稅
5) 不就股息或利息徵收預扣所得稅
6) 無資本增值稅
7) 無遺產稅

香港的公司及非法團業務的利得稅稅率是多少？

法團的法定一般稅率為16.5%，法團以外人士則為15%。而按兩級制稅率計算，對於不超過港幣$200萬元的應評税利潤，法團的稅率為8.25%（法團以外人士為7.5%），對於超過港幣$200萬元的應評税利潤，法團的稅率為16.5%（法團以外人士則為15%）。

為避免兩級制稅率制度被濫用，每一組的關連實體只可以提名一個實體申請兩級制稅率。

稅務局如何決定一間公司是否在香港從事業務?

稅務局採用「六點營商標記法則」考慮一間公司是否在香港從事業務:

1) 購入物品時是否有追求利潤的動機
2) 出售的物品性質為何
3) 持有物品多久
4) 類似交易的密度
5) 有否為物品加工
6) 售出物品時的情況

一間有限公司在公司註冊後多久要呈交報稅表?

一般而言，利得稅報税表及任何所需補充表格應於發出日起一個月內交回稅務局。該提交期限已於利得稅報税表第一頁上註明。對於新登記業務的公司，稅務局通常容許他們在發出日期起三個月內預備報稅表及任何所需補充表格。而符合稅務局要求的公司，可申請整批延期提交報稅表計劃.

詳情請聯絡我們的客戶關係經理。

詳情請聯絡我們的客戶關係經理。

什麼是香港公司稅?

根據《稅務條例》(Cap. 112)，若符合特定條件，香港公司將須繳付利得稅。

我应该如何为我的公司订立年结日?

公司条例并无限制公司的年结日为哪日，董事可自由决定年结日。一般而言，大部分香港公司会选择3月31日或12月31日作为年结日。

香港有那几种税项?

税务局主要征收三种税项，包括利得税、薪俸税及物业税。

利得税的课税范围有哪些？

任何人士，包括法团、合伙业务、受托人或团体，在香港经营行业、专业或业务而从该行业、专业或业务获得于香港产生或得自香港的应评税利润（售卖资本资产所得的利润除外)，均须纳税。征税对象并无居港人士或非居港人士的分别。因此，居港人士得自海外的利润可毋须在香港纳税；反过来说，非居港人士如赚取于香港产生的利润，则须纳税。至于业务是否在香港经营及利润是否得自香港的问题，主要根据事实而定，但所采用的原则可参考在香港法庭及英国枢密院判决的税务案件。于海外产生的利润，即使将款项汇回香港，亦毋须纳税。

要注意，如任何人士出售楼宇或物业，而该收益是属于营利计划的一部分，则该人士会被视为经营一项“业务”，并须就任何赚取的利润纳税。

香港税制有何特点?

1) 简单税制
2) 地域来源征税原则
3) 无股息税
4) 无销售税、消费税或增值税
5) 不就股息或利息征收预扣所得税
6) 无资本增值税
7) 无遗产税

香港的公司及非法團業務的利得稅稅率是多少？

法团的法定一般税率为16.5%，法团以外人士则为15%。而按两级制税率计算，对于不超过港币$200万元的应评税利润，法团的税率为8.25%（法团以外人士为7.5%），对于超过港币$200万元的应评税利润，法团的税率为16.5%（法团以外人士则为15%）。

为避免两级制税率制度被滥用，每一组的关连实体只可以提名一个实体申请两级制税率。

税务局如何决定一间公司是否在香港从事业务?

税务局采用「六点营商标记法则」考虑一间公司是否在香港从事业务:

1) 购入物品时是否有追求利润的动机
2) 出售的物品性质为何
3) 持有物品多久
4) 类似交易的密度
5) 有否为物品加工
6) 售出物品时的情况

一间有限公司在公司注册后多久要呈交报税表?

一般而言，利得税报税表及任何所需补充表格应于发出日起一个月内交回税务局。该提交期限已于利得税报税表第一页上注明。对于新登记业务的公司，税务局通常容许他们在发出日期起三个月内预备报税表及任何所需补充表格。而符合税务局要求的公司，可申请整批延期提交报税表计划.

详情请联络我们的客户关系经理。

什么是香港公司税?

根據《稅務條例》(Cap. 112)，若符合特定條件，香港公司將須繳付利得稅。

Couldn’t find the answer you need about Hong Kong audit and tax services? Schedule a call with us.

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