Tax Advisory

BAFS(HK) provides Independent Assurance Service
including Financial Statement Audit and other type
of Assurance Services which Provide Credibility to
your Financial Record that today's Stakeholders
and other users Demand

 

稅收收入報告

BAFS(HK) team has
extensive experience in providing statutory audit and tax filing services in Hong Kong 

燈泡、Audit Service

Audit Services

BAFS(HK) can provide various tax planning and filing services in HK. Regardless of whether our clients require assistance addressing matters related to Salaries Tax and Profits Tax Returns, BAFS(HK) aims to provide the best tax filing services to our clients. 

・Statutory Audit
・Government Funding and Subsidies
・Arrangement of Audit services

長方形

INTRODUCTION TO HONG KONG TAX TYPE AND TAX RATE 

Image by Gradienta

 Profits Tax

Hong Kong utilizes a two tiered profits tax regime for both corporations and unincorporated businesses. Corporations will be taxed at a rate of 8.25% on their first HK$2 million of assessable profits, unincorporated businesses will be taxed at a rate of 7.5%. All assessable profits of corporations and unincorporated businesses exceeding their initial HK$2m of assessable profits will be taxed at Hong Kong’s standard rate of 16.5%
(15% for unincorporated businesses). 

Basic Knowledge of Profits Tax

The Inland Revenue Department will issue profits tax returns to limited companies and partnership, and the profits of sole proprietorship business should be reported in the Individual Tax Return (BIR60).
Profits tax returns are divided into three categories 

Corporation
Persons other than corporations
In Respect Of Non-Resident Persons

In Respect Of
Non-Resident Persons

(BIR54)


Corporation
(BIR51)

Persons other than
corporations

(BIR52)

三角形
齒輪、Tax filing service

WE CAN DO ON

 TAX FILING SERVICES

















 

Profits Tax Computation

Hong Kong Tax Filing
(Profits Tax Return, Employer’s Return, Salaries Tax)

Apply for tax refund / correctness of tax 
assessments / raise objection

Application of Certificate of Resident to enjoy
preferentiate tax rates under tax treaties

Application of Deregistration for limited
companies (NDR1) / Notice of No Objection for
deregistration (IR1263)

Pre-IPO tax planning and tax restructuring

 





















 

BAFS(HK) assist and handle IRD tax enquires, field audits and tax investigations, and liaise with the Inland Revenue Department as a tax representative 

Appoint BAFS(HK) as tax representative, preparation and  transmission of employer‘s tax returns, property tax returns, individual income tax, profits tax returns and other tax returns  

Tax Due Diligence exercise before you acquire other business and companies to avoid significant tax risk

Tax planning for individuals and companies to reduce overall tax burden in accordance with the Inland Revenue Ordinance 

Conduct regular Tax Health Check to ensure your entity is align with tax ordinance

Offshore profits claim, zero tax payable for eligible entities in Hong Kong / Tax Claims