Hong Kong Profits Tax is one of Hong Kong companies' basic taxes. It is territorial in nature and only profits which are deemed to have, a Hong Kong source are subject to Profits Tax. If a Hong Kong company does not carry on business in Hong Kong or if it income is generates outside of ...

Hong Kong company annual returns, any limited liability companies in Hong Kong should file annual returns to the department of the Company Registry and the Inland Revenue.   For a private company having a share capital, you have to file, once in every year, an annual return within 42 days after the company’s most recent ...

Every Hong Kong Company is required to keep proper books of accounts which give a “true and fair view” of the company’s financial position. Section 122 of the Companies Ordinance provides that, unless the company concerned is a dormant company, audited accounts must be presented to the members of the company at the Annual General ...

Hong Kong account is regulated by the HKICPA under the Professional Accountants Ordinance. The auditing industry for limited companies is regulated under the Companies Ordinance and other Ordinances such as the Securities and Futures Ordinance, the Listing Rules, etc.   In order to save cost and better set up a strict Hong Kong company bookkeeping ...

All companies in China are required to carry out annual compliance procedures as mandated by various governmental departments. It is crucial to be aware of the relevant deadlines as failure to carry out these procedures on time may result in extra expenses, penalties, or even revocation of business licenses. While tedious, this process is a ...

Payroll is the sum of all financial records of salaries for an employee, wages, bonuses and deductions. In accounting, payroll refers to the amount paid to employees for services they provided during a certain period of time. Businesses may decide to outsource their payroll functions to third party for better management. Advantages of Outsourcing : ...

It's important to keep in mind, as one navigates the shoals of international tax planning, just what the hazards are. We have tax codes throughout the world to thank for the development of the offshore financial world. Without their assistance, the Cayman Islands would probably be a set of desert islands and no one would ever ...