Limited Company Tax Filing Services

The tax filing process for limited companies is more complex than that for unlimited companies. According to Hong Kong tax law, a limited company must have its financial statements audited by a practicing accountant in Hong Kong before submitting the tax return. After receiving the profits tax return form (BIR51) issued by the IRD, the company must submit the audited financial statements and the profits tax computation form on time. The IRD usually issues profits tax return forms on the first working day of April each year, and late submissions may result in fines.

According to the Hong Kong Companies Ordinance, a limited company must properly prepare comprehensive accounting records, including profit and loss statements, balance sheets, and various detailed accounts. A limited company must hire an auditor to conduct an audit. During the audit process, the auditor will collect and analyze evidence and issue a formal audit report upon completion. Based on the audited financial data, the profits tax computation form is prepared and the completed tax return form is submitted to the IRD before the specified deadline.