All Hong Kong companies in Hong Kong are obliged to have management and audited accounts, an area in which we can help and assist. Although this obligation seems to be quite burdensome (compared to some other jurisdictions where such obligations do not exist or where exemptions apply), often, amongst others for purposes of creating tax substance, it will be good to have this accounting documentations in place. These obligations also make sure that one keeps proper documentation whenever loans are provided, expenses are incurred or dividends distributed.
We can assist with accounting matters from bookkeeping to auditing:
- Bookkeeping and cash flow report
- Provision of management account
- Provision of accounting reports
- Provision of annual and periodic financial statements
- Provision of payment processing
- Consultation on other accounting matters
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Triple Eight Limited Promotional Plan24 January 2020
Global Mobility Issues from a Corporate & Income Tax Perspective7 January 2020
Introduction Global mobility has allowed more and more companies to request their personnel to carry out work duties outside the companies’ home tax jurisdiction. In the past, most working arrangements abroad were rather permanent, nowadays jobs are also performed on an assignment/secondment basis or on a commuter basis or even as a combination of these… read more
Enjoyment of Tax Benefits Granted Under Mainland China Double Tax Treaties28 August 2019
Introduction Mainland China has entered into double tax treaties/arrangements (“DTAs”) with more than 100 tax jurisdictions including Hong Kong, the Netherlands and several European countries. Apart from preventing potential double taxation by both Mainland China and its tax treaty partners, Mainland China DTAs in general offer favourable withholding tax rates on dividends, interests and royalties… read more
Hong Kong Government’s New Multi-Billion Dollar Relief Measures26 August 2019
On 15 August 2019, the Financial Secretary of Hong Kong announced a number of relief measures (worth of approximately HKD 19.1 billion) to support businesses, safeguard jobs and relieve people’s financial burdens. The relief measures relevant for enterprises as well as middle-class and upper-class individuals include the following: (i) Tax reduction In addition to the… read more