TAXATION SERVICE HONG KONG

Hong Kong Taxation Service

Here at Korchina, we have years of professional experience as a Hong Kong taxation service. Our goal is to provide transparent tax services so our clients can be confident knowing that their business is in good hands.

Corporate Tax Services

Hong Kong companies are liable to pay profits tax. With the availability of potential tax savings and government incentives, it is advisable to consult a taxation service to guide you through the process of filing your profits tax return.

Our Hong Kong Taxation Services include:
  • Completing and filing a profits tax return

  • Preparing and submitting Profits Tax Computation with supporting tax schedules

  • Application of offshore income claim

  • Liaising with IRD on all profits tax assessments, objections and correspondence

Individual Tax

Individuals are liable to pay Individual Taxes. With the availability of potential tax savings, government incentives and complex tax implications, it is wise to consult a tax expert to advise you on the best way to declare your income so that you can enjoy the maximum tax savings.

Our services
  • Completing and filing an individual income tax return

  • Preparing and submitting tax computation with supporting tax schedules
  • Application of offshore income claim

  • Liaising with IRD on all individual income tax assessments, objections and correspondence

FAQs for Taxation Services in Hong Kong

What are the standard tax rates in Hong Kong?

As of 2018/2019, companies pay 8.25% on profits up to HK$2 million and 16.5% on any profits over HK$2 million.

If your business is unincorporated then rates are 7.5% on profits up to HK$2 million, and 15% on profits that are over HK$2 million.

Do all businesses need to file an employer’s return?

Yes. It doesn’t matter how many employees you have or how much profit you make, all Hong Kong businesses are required to fill out their Employer’s Return within 30 days of receiving it.

What kind of tax forms do I have to fill out?

There are typically 3 forms that you need to fill out and send to the Inland Revenue Department.

  • Employer’s Return (issued the first working day of April)

  • Profits Tax Return (issued the first working day of April)

  • Individual Tax Return (issued the first working day of May)

Be sure to fill out and send these forms as quickly as possible otherwise, you stand subject to possible fees or prosecution.

That’s why we always recommend that you hire a one-stop agency like Korchina. Here at Korchina we can handle your accounting/ audits, as well as provide your registered office address and receive your mail. This means that we will be providing service to fill out your tax forms once we receive them, so you don’t have to worry about anything.

Contact us today to inquire about how our taxation services in Hong Kong can help you.