Tax Service

　　Generally the Inland Revenue Department would send out return to individual, personal company (sole proprietorship), partnership company, property holder (owner) and limited company, the involved personnel must fill the return appropriately within one month (and the personal company must do within three months) after the sending date, and hand it in with the related documents (e.g. income statement, balance sheet, auditor report etc) to revenue department.


　　For new-built Limited Corporation, the profits tax return is generally issued after 18 months since the incorporate date of company. If the involved personnel still doesn’t receive the profits tax return from revenue department, the positive inquiry of the matters concerned tax declaration should be done to the revenue department. Please pay attention to the return which is directly posted to the register address of your company by the revenue department, not to our company.


　　The return can be self filled appropriately and posted to the revenue department. But due to the sheet fillers commonly without the professional knowledge on tax, they probably fill incorrectly for tax declaration, resulting in excessive tax for payment, or failing to declare some items which violate the tax byelaw and make you encountered prosecution. But our centre, on basis of years of experience on tax handling, can assist clients declare relevant tax items (including preparation of tax calculation sheet, filling the return and substituting clients to hand in the necessary tax declaration documents to the revenue department), to eliminate the unnecessary payment of tax and the trouble caused by incorrect and miss declaration. In addition, the professional staff of our company can provide tax suggestion to company or individual to make you more effectively plan the corporate profits tax and personal income tax.


　　Taxing Benefits
　　In accordance with the Section 112 of Hong Kong tax law:

1:		Utilizing limited companies to transfer property will enable you to save large sum of profits tax, stamp duty and solicitor fee for the transaction
2:		Able to deduct expenses entirely such as the interest payment for repayment of installment loan in purchasing property and motor vehicle, and depreciation allowances for fixed assets acquired by the company.
3:		Able to deduct expenses related to business such as entertainment expenses, fares and overseas traveling expenses.
4:		The salaries of the directors (shareholders) and their spouses can be deducted as expenses.
5:		It is unnecessary to pay profits tax in Hong Kong for those profits derived outside Hong Kong (offshore income) by the limited company.
6:		Emigrants, to USA and Canada for example, can utilize limited companies to dodge double taxation aspects of Hong Kong and the other foreign countries.
7:		If utilizing limited companies to sign Sino-foreign joint-venture agreements, businessmen with investments in China will be exempted from paying profits tax by reason of the profits being derived outside Hong Kong (offshore income).