Tax Compliance & Advisory
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Expert HK Tax Compliance & Advisory Services

Our expert tax compliance and advisory services provide businesses with comprehensive support in navigating complex tax landscapes, ensuring compliance with ever-changing tax regulations, optimizing tax strategies, and minimizing tax liabilities.

Our experienced team of tax professionals offers tailored advice, proactive planning, and meticulous attention to detail, enabling businesses to make informed financial decisions, mitigate risks, and maximize tax efficiency, ensuring their long-term financial health and success.

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Profit Tax Computation

Partnering with a professional can help ensure that your tax computations are compliant and hassle-free

Offshore Tax Claims

We are delighted to assist you in determining your specific tax obligations and claiming any available exemptions.

Tax Filing

We will prepare accurate reporting financial information on tax returns, as well as complying with other tax-related requirements.

Elevating Financial Confidence with Our Professionals

Profits Tax / Corporate Tax

  • Two-tiered profits tax regime
  • Corporations will be taxed at a rate of 8.25% on their first HK$2 million of assessable profits
  • Assessable profits will be taxed at 16.5%

Income Tax / Salaries Tax

  • Progressive tax rate system from 2 to 17% on net chargeable income
  • The maximum effective income tax rate is 15%

Property Tax

  • The flat rate at 15% on the net assessable value of lands or buildings.

Tax Planning

  • Providing strategic advice and planning to optimize tax efficiencies, minimize tax liabilities, and maximize tax savings for individuals and businesses.

Hong Kong Tax Compliance

  • Assisting with the preparation and filing of various tax returns, including profit tax, salaries tax, property tax, and goods and services tax (GST).

Tax Advisory

  • Offering expert guidance on tax-related matters, including interpretation of tax laws, regulations, and rulings, and providing advice on specific transactions or business structures.

International Taxation

  • Advising on cross-border taxation issues, double tax treaties, transfer pricing, and assisting with tax planning for businesses with global operations.

Indirect Taxation

  • Handling issues related to GST/VAT, customs duties, and other indirect taxes, including registration, compliance, and advisory services.

Employee Taxation

  • Assisting with matters related to salaries tax, employee benefits, stock options, and other employee-related tax obligations.

Tax Incentives and Exemptions

  • Advising on available tax incentives, exemptions, and government schemes to help businesses optimize tax benefits.

Talk with our local consultant to learn more about taxation in Hong Kong.

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“FastLane has allowed us to spend less time on these parts of the business, and hence contributed to our successes in becoming a global music technology brand.”

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Frequently Answered Questions

The IRD will generally issue the first Profits Tax Return for newly incorporated businesses 18 months after the date of their commencement. However, the IRD may issue a Provisional Profits Tax Return at an earlier date where circumstances warrant.

Upon receipt of a Profits Tax Return, the taxpayer should submit the return along with any required supplementary forms within 1 month from the date of issue. The compliance date of submission for each Profits Tax Return will be specified on page 1 of the Profits Tax Return.

It is possible to obtain an extension to your profits tax returns. To promote electronic filing, small corporations and small partnership businesses can apply for a further extension of 2 weeks after the normal submission date, on the condition that they submit their Profits Tax Returns through the internet. Businesses may also apply for an extension under the Block Extension Scheme. It is recommended to consult the IRD’s official website with the particular extended due dates of Profits Tax Returns.

To the extent that a taxpayer fails to submit their tax return on time, they may be required to pay a penalty or may even face prosecution. A further consequence is that the taxpayer in question may be liable to pay an increased tax. The maximum penalty for non-compliance is HK$10,000 plus treble the amount of tax undercharged.  

In situations where taxes have been underpaid, the IRD may impose an additional 5% of the taxable amount as a penalty.

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