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Does the Hong Kong company need to make an audit report?

Released Date: Dec 24,2022 Article Source: HUANZE

Many bosses of Hong Kong companies are mainlanders, so they do not know that Hong Kong's company law is different from the relevant laws and regulations of the mainland. In the mainland, only listed companies or some special companies need to do audit reports, while ordinary private small companies only need to do audit reports in the following year1-5Monthly business income tax can be done.

A lotHong Kong companyThe boss is a mainlander, so do not know the Hong Kong company law and the mainland's relevant laws and regulations are different, in the mainland generally only listed companies or some special companies need to do the audit report, and the general private small companies only need to in the next year1-5Monthly business income tax can be done. But Hong Kong is different.Hong Kong companyThe ninth law No5Regulation of divisions394It is expressly required that a Hong Kong company should appoint a Hong Kong professional auditor (commonly known as an auditor) to conduct an audit every year.

Therefore, when we set up a company in other places to operate trade activities, the first thing we need to know is the local company law and tax law, because the relevant laws and regulations of different countries and regions may be very different. If you don't know the local laws, you are likely to put your company at risk.

Does the Hong Kong company need to make an audit report?

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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