Hong Kong provides a tax-friendly business environment, including a simple tax system, low tax rates, and adopts a territorial source principle of taxation. Hong Kong is located in the center of Asia and has become a well-known international financial centre.<\/p>\n\n\n\n
Our professional team can provide all round and effective solutions for your company\u2019s accounting, auditing, tax planning, etc.<\/p>\n\n\n\n
The financial statement reference period of Hong Kong company is 12 months. For newly incorporated company, it will receive a profits tax return issued by Hong Kong Inland Revenue Department at approximately the 18th month of its incorporation, and the subsequent profits tax return will be issued in early April each subsequent year. If a company declared a loss in previous year, the Inland Revenue Department will not issue profits tax return every year thereafter, but it does not affect the company\u2019s audit and tax reporting responsibilities, that is, the company still needs to prepare audit accounts on time in accordance with the Hong Kong Companies Ordinance and makes a declaration to the Department in case of profit for the year pursuant to Inland Revenue Ordinance.<\/p>\n\n\n\n
Corporate profits tax<\/strong> Personal income tax<\/strong> Property tax<\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":" Hong Kong provides a tax-friendly business environment, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template-customers.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-161","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"http:\/\/tcpc.com.hk\/index.php\/wp-json\/wp\/v2\/pages\/161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/tcpc.com.hk\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/tcpc.com.hk\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/tcpc.com.hk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/tcpc.com.hk\/index.php\/wp-json\/wp\/v2\/comments?post=161"}],"version-history":[{"count":1,"href":"http:\/\/tcpc.com.hk\/index.php\/wp-json\/wp\/v2\/pages\/161\/revisions"}],"predecessor-version":[{"id":162,"href":"http:\/\/tcpc.com.hk\/index.php\/wp-json\/wp\/v2\/pages\/161\/revisions\/162"}],"wp:attachment":[{"href":"http:\/\/tcpc.com.hk\/index.php\/wp-json\/wp\/v2\/media?parent=161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Two-tier profits tax
The profits tax rate for profits of HK$2,000,000 or below
16.5% on profits exceeded HK$2,000,000<\/p>\n\n\n\n
Progressive tax rate from 2% to 17%
Standard tax rate 15%
Deduction of allowances and tax concessions<\/p>\n\n\n\n
15% of net assessable value<\/p>\n\n\n\n