Auditing / Taxation
According to the Companies Ordinance, annual financial statements of a limited company incorporated in Hong Kong are required to be audited by a Certified Public Accountant with a practicing certificate issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”)
One of the statutory requirements under the Inland Revenue Ordinance states that a limited company incorporated in Hong Kong has to submit its Profits Tax Return together with the audited financial statements. Normally, a newly incorporated limited company should prepare its first audited financial statements within 18 months since its incorporation.
The Inland Revenue Department (“IRD”) issues tax returns to individuals, sole proprietors, partnerships, property owners and limited companies. Such persons and corporations should complete and file the tax return within one to three months of the issue date of tax return together with the required documents to the IRD. Merit Crown is experienced in handling tax issues with the IRD and confident in minimising your risk in filing an inaccurate or incorrect tax return.
Our considerable experience in taxation consultancy would increase the efficiency of handling various individual and corporate taxation issues, which would thus allow you to focus your time and resources on the development of your company’s business.
Our taxation services include:
- Preparing and filing a tax return
- Calculating estimated tax liabilities
- Tax planning preparation
- Assisting our customers to reply any inquiries issued by the IRD
- Acting as the tax representatives of our customers on objection of tax assessments