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Hong Kong Tax & Audit Services

How can Woodburn help you?

We offer premier tax and audit services in Hong Kong. At Woodburn, we specialize in delivering comprehensive and reliable solutions tailored to meet your business needs in the dynamic landscape of Hong Kong. Our team of seasoned professionals is dedicated to providing top-notch Hong Kong tax compliance and audit services, ensuring accuracy, efficiency, and compliance with local regulations. With our expertise and personalized approach, we strive to optimize your tax strategies and financial processes, empowering your business to thrive and succeed in the vibrant economy of Hong Kong.

Hong Kong Corporate and Individual Tax Compliance
Our dependable corporate and individual tax compliance services in Hong Kong ensure your tax obligations are met effortlessly. Leveraging our extensive experience with the Inland Revenue Department in Hong Kong, we promise timely and precise tax filings. We handle the accurate reporting of your taxable income and help you optimize your tax liabilities. Whether you require guidance on tax planning in Hong Kong, support with compliance issues, assistance with cross-border transactions, or help resolving tax investigations, we are here to provide expert advice and assistance.
 

Hong Kong Annual Return 

Our annual return service in Hong Kong ensures that your company remains compliant with local regulatory requirements. We handle the preparation and timely filing of the Annual Return (NAR1) with the Companies Registry, meticulously compiling all necessary information about your company's directors, shareholders, and registered office. Our expert team navigates the complexities of Hong Kong’s compliance landscape, ensuring that all statutory deadlines are met and reducing the risk of penalties or legal issues. By entrusting us with your annual return, you can focus on your core business activities while we take care of your corporate governance needs.

Year-End Audit Requirements

In addition to our annual return service, we assist with the comprehensive requirements for year-end audits in Hong Kong. Companies incorporated in Hong Kong are mandated to undergo an annual audit of their financial statements by a Certified Public Accountant (CPA) under the Companies Ordinance. The audit process involves:
 

  • Preparation of Financial Statements: Companies must prepare financial statements in compliance with the Hong Kong Financial Reporting Standards (HKFRS).

  • Appointment of an Auditor: An independent auditor, who is a registered CPA in Hong Kong, must be appointed to conduct the audit.

  • Audit Report: The auditor reviews the financial statements and provides an audit report, which includes their opinion on the accuracy and fairness of the financial statements.

  • Submission Deadlines: The audited financial statements must be presented at the company’s Annual General Meeting (AGM) and filed with the Inland Revenue Department along with the profits tax return.
     

Our team of professionals ensures that your year-end audit is conducted smoothly, adhering to all regulatory requirements and deadlines, providing you with peace of mind and allowing you to concentrate on your business operations. 

Filing the Annual Tax Return

Ensuring compliance with the tax regulations includes the critical step of filing the Hong Kong annual profits tax return. Companies must file their profits tax return (PTR) with the Inland Revenue Department (IRD) each year. The process includes:
 

  • Tax Computation: Prepare a detailed tax computation to determine the assessable profits and the amount of tax payable.

  • Completion of Tax Return: Fill out the profits tax return form accurately, ensuring all required details are included.

  • Timely Submission: Submit the completed tax return form and supporting documents to the IRD by the specified deadline to avoid penalties.
     

Our experienced team assists you through every step of the tax return filing process, ensuring accuracy and compliance with all regulatory requirements. We provide detailed tax computations and ensure the timely submission of your tax return, helping you minimize your tax liabilities and avoid any potential issues with the tax authorities.

Internal Health Check

To maintain robust financial health and ensure compliance with Hong Kong's regulatory environment, we offer comprehensive internal health checks for your company. These health checks involve:

  • Review of Financial Records: Conducting a thorough review of your Hong Kong financial records to identify any discrepancies or areas of concern.

  • Compliance Audit: Assessing your company's adherence to local laws and regulations, including tax laws, employment laws, and corporate governance standards.

  • Risk Management: Identifying potential risks and recommending strategies to mitigate them, ensuring your business remains resilient and compliant.
     

Our internal health checks provide you with valuable insights into your company's financial and operational status, helping you make informed decisions and maintain a strong compliance posture. By proactively addressing any issues, we help you safeguard your business against potential legal and financial challenges, allowing you to focus on growth and success.

Get a quote now

We deliver dependable, precise, and transparent professional tax and audit services aimed at ensuring the success of your business endeavors in Hong Kong.

Get a quote now

Schedule a 30-mins complimentary, no-obligation call to see how Woodburn can help you. Book a call with our Head of Business Advisory - Kristina Koehler-Coluccia.

Topics we can advise on include:

  • Your Hong Kong tax & audit needs

  • The importance of a solid relationship with the Hong Kong IRD

  • Our service fees

  • The ongoing administrative services 

  • Woodburn's advantage

  • And the next steps 

 

Our calls are automatically scheduled via Zoom - or via Teams, WeChat or WhatsApp upon direct request. 

Our advisory calls are available from Monday-Friday from 8am to 5pm CEST and Wednesday until 9pm CEST.

How to get started with Woodburn

Switch to Us

Transitioning your accounting & tax service provider from one firm to another doesn't have to be a daunting process. We will seamlessly manage the entire transition on your behalf. Our team will work closely with your current provider to facilitate the smooth transfer of all necessary information required for our registration with the authorities, enabling us to act on your behalf. This streamlined process allows you to concentrate on the core aspects of running your business without unnecessary stress.

Get a quote now

Hong Kong Tax Updates

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