Hong Kong registered company after the following year(I.e.12month)Annual inspection of the Hong Kong company requires two government departments to do the annual inspection of the Hong Kong company: Hong Kong Companies Registry and Hong Kong Tax Bureau. If the Hong Kong company has appointed a Hong Kong secretary company as the registered secretary of the Hong Kong company, it also needs to record with the secretary company as an important controller every yearKYC.

There are two things you need to do at the Hong Kong Companies Registry: pay an annual feeHKD105(This fee is now temporarily waived during the pandemic); File annual returns.

The Hong Kong Inland Revenue Department has three things to do:

1, if the company is established in Hong Kong, the duration of the application1Business registration certificate, then the next year will need to replace a New Year's valid business registration certificate, the costHKD250(The Hong Kong Inland Revenue Department will adjust this fee annually according to Hong Kong's revenue, sometimesHKD250,HKD450orHKD2,250).

2, the Salaries Tax Division of the Inland Revenue Department will submit employee returns in the following year4Around June, a Salaries Tax Form will be issued. This document is mainly to declare the employees and salaries of the Hong Kong company to the tax bureau. Based on the declaration, the tax bureau will assess whether the employees of the Hong Kong company need to pay individual salaries tax to the Hong Kong government.

3, submit profits tax return to the Inland Revenue Department to declare the business situation of the company for the year. After the declaration, the Inland Revenue Department will assess whether the Hong Kong company is required to pay profits tax to the Hong Kong Inland Revenue Department for the year.

For new Hong Kong companies, the Inland Revenue Department is responsible for the establishment of new companies at No18Issue the first tax return in the following month. Upon receipt of the return, complete the profits tax return based on the auditor's report issued by the Hong Kong auditor for the year.

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