Annual Accounts & Profits Tax Filing HK
Every HK company must file audited accounts and a profits tax return annually. Miss deadlines or understate deductions and you face penalties — or overpay unnecessarily.
Annual Accounts & Tax Compliance
Every HK company must file audited accounts and a profits tax return annually. Miss deadlines or understate deductions and you face penalties — or overpay unnecessarily.
⚠ Late Filing Attracts Automatic Penalties
IRD issues automatic penalties for late profits tax returns — starting at HKD 1,200 and escalating to court summons. A tax representative can extend deadlines through the Block Extension Scheme.
Are you facing these tax issues?
Audit Requirement
All HK companies must have accounts audited by a Certified Public Accountant (practising) before submitting the profits tax return.
Filing Deadlines
Profits tax returns are due within 1 month of issue (or up to April under Block Extension). Missing deadlines = automatic penalties.
Missed Deductions
Many companies miss legitimate deductions under IRO s.16 — bad debts, depreciation, R&D, charitable donations (s.16C), and more.
Tax Computation Errors
Profits tax computation requires adjusting accounting profit for disallowable items — capital expenditure, private use, entertainment limits.
Who This Service Is For
Companies generating revenue in HK requiring annual audit and tax return.
Companies with no activity still need to file "nil" returns to stay compliant.
Small businesses outsourcing all accounting and compliance functions.
Businesses needing CPA representation to handle IRD queries or back-assessments.
What We Cover
Financial Statements Preparation
Prepare full HKFRS-compliant financial statements from your accounting records.
Statutory Audit
Independent CPA audit of financial statements as required by the Companies Ordinance and IRD.
Profits Tax Return (BIR51)
Prepare and file the profits tax return with optimised tax computation and all legitimate deductions.
IRD Query Handling
Represent you in correspondence with IRD, including field audits and back-assessment negotiations.
Simple, efficient, professional
Bookkeeping Review
We review your accounting records and identify any gaps or errors before audit.
1-3 daysAudit Fieldwork
Our CPA team performs the statutory audit and prepares financial statements.
1-2 weeksTax Computation
Prepare profits tax computation with all deductions, allowances, and adjustments.
2-3 daysFiling & Confirmation
Submit BIR51 and receive IRD acknowledgement. Advise on tax payment timing.
1 dayReal results for real clients
Import/export SME — 3 years of unreconciled accounts
- 3 years of unfiled returns regularised
- Back-assessment negotiated down by 40%
- HKD 180K in missed deductions identified
- Penalty waiver obtained from IRD
Professional services firm — deduction optimisation
- Annual profits HKD 2.8M
- Home office, equipment and R&D deductions added
- Charitable donation timing optimised
- MPF employer contributions fully claimed
Free Expert Consultation
Speak with a senior tax specialist today
- Free 30-min initial consultation
- Senior CPA assigned to your case
- No obligation — cancel anytime
Why Choose TAX.hk
Deep HK Tax Expertise
Our CPAs have 15+ years of HK tax experience and keep current with every IRD update.
Transparent Fixed Fees
No hourly billing surprises. Know your cost upfront before we start.
24-Hour Response
We respond to all enquiries within one business day. Urgent cases within 4 hours.
Strict Confidentiality
All client information is held under strict professional duty of confidentiality.
Frequently Asked Questions
Quick answers to your questions
Ready to Get Started?
Book a free consultation with a senior HK tax specialist today.
This page provides general information only. For advice specific to your situation, please consult a qualified Hong Kong tax professional.