Audit and Tax Filing Services in Hong Kong

Are you trying to locate the best audit and tax filing service in Hong Kong? Then you are at the right place!

Our team at FastLane CPA Limited can help you with all audit and tax filing services, regardless of the nature of your business and size of it. Our team is equipped with qualified and experienced auditors, who will audit your company while adhering to the Hong Kong regulatory requirements.

Services we offer

Here’s an overview of the audit and tax filing services we offer. If you need any of these services, feel free to go ahead and contact us.

  • Profits tax computation

We will help you to accurately compute taxes and file them. We will take care of everything, and you don’t have to worry about anything.

  • Statutory audit report

Our team of experienced auditors have the skill to audit a company of all sizes. We will also adhere to the reporting standards and make sure that all internal control issues are discovered on time.

  • Offshore tax claims

If you are generating income outside Hong Kong, you might be exempted from taxes. Contact us and we will help you with claiming all offshore tax exemptions.

  • Xero Based Audit

We use Xero as our cloud based auditing application, which will help you to stay away from the hassle of using paperwork.

  • Hong Kong tax filing

Tax filing in Hong Kong is a nightmare for most companies out there. It is the same for individuals who file taxes on their own. We are happy to offer both individual and business tax filing services to cater to the needs.

Understanding the tax system of Hong Kong

The prevailing tax system in Hong Kong is not very complex. It is a territorial system, where your profits gained within the country are subjected to tax. However, it is still better to have expert assistance by your side as you file your taxes. That’s where our team at FastLane CPA Limited can help you.

  • Profits tax

There is a two-tiered tax regime in Hong Kong. All corporations in the country will be subjected to a tax rate of 8.25% on the first HK$2 million in assessable profits. On the other hand, unincorporated businesses will be subjected to a tax rate of 7.5%. The standard tax rate of Hong Kong is 16.5% for incorporated businesses. It is 15% for all unincorporated businesses.

People who work as self-employed freelances and entrepreneurs will also have to pay taxes as per the above scheme. This can be beneficial for business startups and SMEs, which are looking forward to taking their business ventures to the next level.

  • Income tax

The income tax scheme in Hong Kong is quite similar to the profits tax rate. All employed salaries will have to pay a tax at a rate of 17%. However, it is also important to keep in mind that the maximum effective tax of the country is 15% as of now. Based on this, employees can get a better understanding about their tax deductions.

  • Property tax

Property taxes is applied on the landowners and building owners in Hong Kong at 15%. This will be dedicated from the rental income. However, it is also important to keep in mind that all allowances and deductions are subjected to outgoings and repairs, at a rate of 0% from the received income.

If you need expert assistance with filing any of these taxes, you can simply go ahead and contact us. We are more than happy to help you with your needs in filing taxes.