accounting requirements in Hong Kong

Under Hong Kong Inland Revenue Ordinance and Companies Ordinance, Hong Kong registered companies are required to prepare and maintain financial records and hire local qualified accounting firm to perform audit task on financial statements.

Special notes for Hong Kong Company accounting and auditing:

  • Hong Kong company must maintain accounting records for at least 7 years since the end of financial year.
  • All Hong Kong companies must carry out audit on its annual financial statements, except for dormant company.

BBCIncorp Limited offers qualified Hong Kong accounting services for your business! Our team with experienced Certified Public Accountants will help you relieve from reporting burden and have more time to concentrate on your business. Effective communication and seamless integration will make us your great companion.

Hong Kong Accounting Services with BBCIncorp

Cloud accounting

Cloud accounting

Affordable &<br /> transparent pricing

Affordable &
transparent pricing

Effective <br /> communication

Effective
communication

CPA certified <br /> experts

CPA certified
experts

Accounting and Auditing

Our accounting and auditing service covers following areas to keep you stay compliance with reporting obligation:

  • Preparing annual statutory accounts i.e Profit & Loss account, Balance Sheet, Trial Balance...

  • Audited financial statements

We charge fees for services depending on quantity and complexity of your transactions.

Transactions per month

11,000

What included in Accounting packages

  • Xero cloud accounting
  • Yearly compilation of FSs
Monthly
Yearly

US$40

/Month

Total yearly estimated cost for accounting:

US$480

** The above fee is in USD and may vary depending on the complexity
of your transaction

Tax Filing Services

Hong Kong tax year or year of assessment begins from 1st April to 31st March in the next year. A company is liable for its first tax return filing around 18 months from the incorporation date and every financial year end subsequently. Business owners should be aware of tax filing obligations to avoid heavy penalties by Hong Kong Tax Authority.

Our experienced accountants will cover your back with tax planning and consultation. We also help you with offshore tax claim application for income derived outside Hong Kong.

Below is pricing for corporate tax filing service.

tax computation

Filing Profits Tax Return and tax computation with supporting schedules

$100

Filing

Filing Employer’s Return
(NIL)

$100

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Documents Required

All invoices in the<br/>reporting period

All invoices in the
reporting period

Company bank<br/>statements

Company bank
statements

Company incorporation<br/>documents

Company incorporation
documents

Need more help to your Hong Kong accounting plan?

Just get in touch with us. We typically response within 2 hrs.

Frequently Asked Questions

What accounting software do you use?

We use cloud accounting Xero.

How can I get Offshore Claim (tax-exempted status) for my Hong Kong company?

Only dormant company is exempted from annual auditing. You can find more information in Hong Kong dormant company blog post.

How can I submit my data?

You can opt to send your data via multiple methods including mail, cloud storage, or you can grant us remote access to your internal accounting system.