Many clients' Hong Kong companies have some confusion about what annual audit and audit respectively mean in the process of operation, so today we will share with you what is the difference between annual audit and audit of Hong Kong companies.

The annual inspection of Hong Kong companies refers to the annual inspection of Hong Kong companies. It is conducted at the Companies Registry of Hong Kong and the Business Registration Division of the Inland Revenue Department respectively. First payable to the Hong Kong Companies RegistryHKD105To submit an annual return to the Companies Registry; Third, pay the Business Registration certificate fee for the coming year at the Business Registration Division of the Inland Revenue Department of Hong KongHKD250(This fee will be adjusted according to the annual revenue of the Hong Kong government) and get the business registration certificate for the New Year.

The audit of a Hong Kong company means that an active Hong Kong company submits annual audit reports (i.e. auditor's reports) to the Profits Tax Division of the Inland Revenue Department.-It shows the government and the public how the company has been doing for the past year.

Therefore, the annual audit and audit of Hong Kong companies are two different things, which should not be confused. When handling annual inspection and making accounts and tax returns every year, we should pay attention to check whether these matters are completed on time to avoid missing items or overdue fines.

CycloseFocusing on providing company 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 large state-owned enterprises and listed enterprises.