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Taxation
Tax Compliance: Expert Taxation Solutions for Hong Kong Businesses and Individuals
Penalties may be imposed for non-compliance with the Inland Revenue Ordinance. The Commissioner of Inland Revenue is authorized to initiate prosecution, to compound, or to assess additional tax for any offenses. Biz & Bird's taxation services offer comprehensive tax advisory services regarding the Hong Kong tax regime, and we specializes in providing professional taxation solutions for profits tax, salaries tax, property tax, and stamp duty, specifically tailored for corporate and individual clients.
Why Choose Biz & Bird's Taxation Service?
In-depth Knowledge
Expertise in Hong Kong Tax
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Reliable & Professional
Our professional taxation team owns extensive experience in Hong Kong tax
One-stop Service
Biz & Bird offers one-stop services for bookkeeping, accounting, auditing, and tax preparation at an affordable price.
What Our Taxation Services Cover?
Property Tax Return
If you receive rental income from renting out your property in Hong Kong, you will have to fulfill your tax obligations as a landlord and file your property tax return on time to report your rental income.
Partnership/Proprietorship Tax Return
The Inland Revenue Department will issue tax returns to sole proprietors and partnership business, and the sole proprietors and partners are required to complete and submit the tax returns on time. They must also provide any necessary calculation forms when submitting them to the Inland Revenue Department.
Individual Tax Return
The Inland Revenue Department will issue individual tax returns (BIR60) to individual taxpayers. You are required to declare all your salary income, profits from sole proprietorship business, rental income from fully owned properties, as well as claim deductions and tax exemptions.
Limited Company Tax Return
Under the Companies Ordinance, annual financial statements of Hong Kong limited companies must be audited by a practicing accountant in Hong Kong. The Inland Revenue Department requires limited companies to file their tax returns based on audited financial statements, along with the profits tax computation forms.
Employer Tax Return
The Inland Revenue Department will issue the Employer's Tax Return (Form BIR56A) on the first working day of April each year. Employers have a legal obligation to fulfill their responsibilities as employers, and are required to complete and submit the Employer's Tax Return within one month.
Accounting, Audit & Taxation Service Plan
Most Popular Plan
AC Standard
Accounting Services +
Taxation Services
2,000
From HK$
Accounting Services
-
Bookkeeping
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Prepare financial statements (including income statement and balance sheet)
Audit Services
-
No such services
Taxation Services
-
Act as the tax representative
-
Profits tax computation
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Complete and file the Profit Tax Return to Inland Revenue Department
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Assist in responding to inquires from the Inland Revenue Department
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Apply for extension for the submission of Profit Tax Return (if applicable)
In view of the different nature and scale of business of each company, the number of revenue and expenditure receipts to be processed also varies, and the fees charged will depend on the company's circumstances. After initial consultation and assessment, fees will be proposed based on the company's needs, requirements and services needed. Biz & Bird provides free consultation, assessment and quotation to help you better understand and compare our solutions.
AC Pro
Accounting Services +
Audit Services + Taxation Services
2,400
From HK$
Accounting Services
-
Bookkeeping
-
Prepare financial statements (including income statement and balance sheet)
Audit Services
-
Arrange the audit
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Prepare the audit report and audited financial statements by the practicing certified public accountant
Taxation Services
-
Act as the tax representative
-
Profits tax computation
-
Complete and file the Profit Tax Return to Inland Revenue Department
-
Assist in responding to inquires from the Inland Revenue Department
-
Apply for extension for the submission of Profit Tax Return (if applicable)
In view of the different nature and scale of business of each company, the number of revenue and expenditure receipts to be processed also varies, and the fees charged will depend on the company's circumstances. After initial consultation and assessment, fees will be proposed based on the company's needs, requirements and services needed. Biz & Bird provides free consultation, assessment and quotation to help you better understand and compare our solutions.
Other Taxation Services
Item 項目 | Service Fee 服務費用 |
|---|---|
Completing the Profit Tax Return | From HK$2,500/Form |
Completing the Property Tax Return: BIR57 | From HK$800/Form |
Completing the Tax Return - Individuals: BIR60 | From HK$1,500/Form |
Completing the Employer's Return: BIR56A & BIR56B | From HK$300/Form |
Frequently Asked Questions
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Why choose Biz & Bird's limited company incorporation services?1. Clear pricing Biz & Bird is committed to providing our clients with the fairest and clearest service and pricing. We guarantee that there are no hidden charges in our service fees. Our service plan charges will be clearly listed before we provide the service, and any customer is welcome to inquire with us at any time. 2. Affordable price Biz & Bird understands the difficulties of starting a business and is committed to providing you with the most transparent, simple and cost-effective company incorporation and company secretarial services. 3. Extensive experience Our professional service team has rich experience in setting up limited companies and company secretarial services, and understands the needs of start-ups and small and medium-sized enterprises. We are committed to providing you with caring and appropriate services and advice. In addition, our founder is an associate of The Hong Kong Chartered Governance Institute and owns dual qualifications of Chartered Secretary and Chartered Governance Professional. He has also worked for a number of listed companies in Hong Kong and has extensive experience in compliance, corporate governance and company secretarial matters, and are committed to serving our clients in a professional manner. 4. One-stop service Biz & Bird specializes in providing one-stop corporate services, covering company registration, company secretarial, accounting & taxation, and human resources & payroll outsourcing services, to satisfy your needs in corporate services, so that you can focus more on your core business, and let your company be the next success story.
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What information do I need to provide to set up a company?1. Company name 2. Registered office address 3. Founder Member(s) [Shareholder(s)] Name Address Number of shares to be subscribed & subscription amount 4. Director(s) Name HKID number / Passport number & issuing country or region Address Email address (Optional) 5. Company Secretary Name Hong Kong Correspondence Address HKID number / Passport number & issuing country or region (If the Company Secretary is a nature person) Business Registration Number (If the Company Secretary is a body corporate) Trust or Company Service Provider Licence Number (If not required to obtain a licence, it is required to state the reasons) *As a Trust or Company Service Provider Licensee (TC009081), Biz & Bird is authorised to provide you with company services in Hong Kong, which include acting as your company secretary and providing you with Biz & Bird's office address as your company's registered office.
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What are the requirements for incorporating a private limited company in Hong Kong?1. At least one director aged 18 or above, who is a holder of a Hong Kong Identity Card or a passport of any country. 2. At least one founder member (shareholder) and either a natural person (individual) or a body corporate (company) can be a founder member (shareholder). 3. An address in Hong Kong as the registered address of the company (Biz & Bird offers virtual office service to meet the legal requirements) 4. A company secretary that meets the requirements of the Companies Ordinance (Biz & Bird is a licensed trust or company service provider (TC009081) and is authorized to provide company services in Hong Kong)
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Is it necessary to have a "company secretary" to incorporate a Hong Kong limited company?1. According to section 474 of the Companies Ordinance, a company must have a company secretary. If the company secretary is a natural person, he/she must ordinarily reside in Hong Kong. If the company secretary is a body corporate, it must have its registered office or a place of business in Hong Kong. In addition, under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, any person who carries on or proposes to carry on a trust or company service business in Hong Kong must apply for a TCSP license. Biz & Bird is a Trust or Company Services Provider (TCSP) Licensee (TC009081) and is authorised to provide company services to you in Hong Kong. 2. According to section 475(2) of the Companies Ordinance, the director of a private company having only one director must not also be a company secretary of the company.
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Can the shareholder and director of a company be a non-Hong Kong resident?The Companies Ordinance does not impose any restriction on the nationality of shareholders and directors of a Hong Kong limited company. Non-Hong Kong residents are also eligible to incorporate a Hong Kong limited company and serve as shareholders and directors. All individuals, including Hong Kong residents, Mainland residents, and overseas individuals, can become shareholders of a company. However, individuals who are to become directors of a company must be at least 18 years old, regardless of their residency status (Hong Kong residents, Mainland residents, or overseas individuals).
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Is there any restriction on the number of shares proposed to be issued and the number of founder members (shareholders) of a local company limited by shares?The Companies Ordinance has not prescribed any requirement for the number of shares proposed to be issued. A local company limited by shares shall be formed by at least one founder member. However, if a limited company has more than 50 members (shareholders), it has to be registered as a "public company".
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How long does it take to register a Hong Kong limited company?The time required for Biz & Bird to register a Hong Kong limited company is as follows: If the founder member(s) [shareholder(s)] and director(s) hold Hong Kong Identity Cards or valid passports (regardless of their nationality) and register a limited company in their personal capacity, the registration process can be completed within approximately 1-3 working days. If the founder member(s) [shareholder(s)] and director(s) only hold PRC identity cards or they are corporate bodies, the registration process will generally take about 7-10 working days. This timeframe begins from the moment all documents are signed by the shareholders and directors and delivered to our Hong Kong office. *The above time required is for reference only and is subject to the relevant circumstances and the approval time by the Companies Registry.