TAX PLANNING
HK Tax Advisory, Planning, and Reporting & Offshore Profits Claim
A Hong Kong limited Company will normally receive its first Profits Tax Return and first Employer’s Return after about 18 months since incorporation. If your Company has assessable profits and paid Director(s)/ Employee(s)/ Subcontractor(s) after the first yearly cut-off date, and you would like to file the Tax Returns earlier, you may file a request for an early issue of Tax Returns from Inland Revenue Department. The first Profits Tax Return gets a submission time limit for 3 months, while the Employer’s Return is only granted with a submission time limit for 1 month.
If you are both a Director and Shareholder of the Company, we are able to assist you to do a better Tax Planning, to set a tax-efficient Director Remuneration Package from the Company, which can save the overall tax liability and cash flow for provisional tax payable.
If your Hong Kong Company is not running business in Hong Kong at all, and does not want to pay Hong Kong Profits Tax for the earned income outside Hong Kong, our Tax Expert, who has worked at Inland Revenue Department and the global tax team of PwC Hong Kong, will be definitely the one you are looking for. We have been assisting variant clients, running trading or rendering services, to succeed their Offshore Profits Claims, and our successful rate maintains to be remarkably high.
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