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Taxation Services |
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| Taxation in Hong Kong |
| Tax | Description |
| Profits Tax | Persons, including corporations, partnerships, trustees and bodies of persons carrying on any trade, profession or business in Hong Kong are chargeable to tax on all profits (excluding profits arising from the sale of capital assets) arising in or derived from Hong Kong from such trade, profession of business. Therefore there is no distinction made between residents and non-residents. A resident may therefore derive profits from abroad without suffering tax; conversely, a non-resident may suffer tax on profits arising in Hong Kong. The question of whether a business is carried on in Hong Kong and whether profits are derived from Hong Kong is largely of fact, however some guidance on the principles applied can be found in cases which have been considered by the Hong Kong Courts and the Privy Council. No tax is levied on profits arising abroad, even if they are remitted to Hong Kong. If a person sells his flat or any property as part of a scheme of profit-making, it will be regarded as a business and he/she is required to pay tax on any profit he/she may make. |
| Salaries Tax | Salaries Tax shall be charged for each year of assessment on every person in respect of his/her income arising in or derived from Hong Kong from any office or employment of profit or any pension. |
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| For more information, please contact us or browse the website of the Inland Revenue Department. |
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| Hong Kong can provide the following services: |
| Services | Fees |
| Completing & submitting tax return for profits tax of a limited company | From HKD 600 and up |
| Completing & submitting tax return for profits tax of an unlimited company | From HKD 500 and up |
| Completing & submitting tax return for profits tax of a partnership company | From HKD 1,000 and up |
| Completing & submitting tax return for salaries tax | From HKD 600 and up |
| Completing & submitting tax return for employers reporting remunerations, pensions, etc. | From HKD 300 and up |
| Consultancy on taxation arrangement | From HKD 1,000 and up |
| Tax representative in objections and appeals to assessment | From HKD 2,000 and up |
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| SML Accounting and Tax Consultants Co., Ltd. |
| Address: 5/F., Greatmany Centre, 111 Queen's Road East, Wanchai, Hong Kong |
| Tel: (852) 3113-6066 Fax: (852) 2520-0121 QQ: 2562408268 |
| Contact: Ms Cheung (Company Registration in Hong Kong) Ms Chan (Offshore Companies Registration) |
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