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Do Hong Kong companies need to make accounts?

Released Date: Jun 07,2022 Article Source: HUANZE

Many of the companies that set up in Hong Kong actually have companies on the mainland. As many customers of enterprises in mainland China know, tax declaration in mainland China is quarterly and annual, so the business of enterprises can be made at the end of the month, and the financial personnel of enterprises and the operators of the company generally know more about the operation of companies in mainland China.

Many of the companies that set up in Hong Kong actually have companies on the mainland. As many customers of enterprises in mainland China know, tax declaration in mainland China is quarterly and annual, so the business of enterprises can be made at the end of the month, and the financial personnel of enterprises and the operators of the company generally know more about the operation of companies in mainland China.

The Hong Kong company issues the audit report in accordance with the annual audit, and then declares tax at the tax Bureau. In accordance with this way of tax payment, if the business operators do not make their own accounts, to the year or the beginning of the second year may not be very clear about the business situation at that time, so the enterprise will have a great tax risk, but also may bring unnecessary trouble to the business operation.

Therefore, if you set up a company in Hong Kong, you must note the account information even if you do not make accounts, so that you can reasonably explain every business in the audit and avoid enterprise risks.

Do Hong Kong companies need to make accounts?

CycloseThe company is committed to providing domestic and foreign customers with corporate audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.

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