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HK · Accounting & Tax

Accounting & Tax
Hong Kong

Professional accounting and tax advisory for your Hong Kong Limited — TCSP-licensed, 100% remote, using QuickBooks/Xero with personal support via WhatsApp, Telegram and email.

Pathfinder
Hong Kong
Profits Tax0–16.5%
VAT / GSTNone
Financial YearFlexible
Territorial0% tax possible
Overview

Why Hong Kong?

Hong Kong's tax system is territorial: only profits sourced in Hong Kong are taxed. The rate is 8.25% on the first HKD 2 million of profits and 16.5% thereafter (Two-Tiered Profits Tax). The Profits Tax Return must be filed with the Inland Revenue Department (IRD) within one month of receipt. The first financial year can be up to 18 months.

There is no VAT, no capital gains tax, and no withholding tax on dividends. Through an offshore claim, companies operating exclusively outside Hong Kong can achieve an effective tax rate of 0% — ideal for personal holdings, e-commerce, agencies, wholesale, trading and other international businesses.

Strasia Group, as a TCSP-licensed service provider in Hong Kong, offers complete accounting and tax services: from ongoing bookkeeping to annual financial statement preparation and IRD filing. We use modern cloud-based software such as QuickBooks and Xero, and communicate via your preferred channel — WhatsApp, Telegram, or email. Documents can be submitted conveniently via Google Drive, Dropbox, or physical mail.

Our Services & Your Benefits

Low TaxesOnly 8.25% on the first HKD 2M — one of the lowest tax systems worldwide. Even 0% possible through offshore claim.
Territorial PrincipleForeign-sourced income is generally tax-free — ideal for international businesses and personal holdings.
No VATHong Kong levies no VAT, sales tax, or GST.
Cloud-based AccountingWe use QuickBooks, Xero, and modern tools. Communication via WhatsApp, Telegram, or email.
Simple tax systemNo advance tax payments, no monthly VAT returns, just one annual tax filing.

Our Accounting Process

01

Ongoing Bookkeeping

Ongoing

Monthly or quarterly recording of all business transactions via QuickBooks/Xero. Bank access or statements for efficient processing.

02

Annual Accounts

2–4 Weeks

Preparation of annual financial statements per HKFRS standards. Comprehensive monthly, quarterly, or annual financial reports.

03

Tax Filing & Offshore Claim

1 Week

Filing the Profits Tax Return with IRD including offshore claim if applicable. Legitimate tax optimization for your business.

04

Employer's Return

Annual

Preparation and filing of the Employer's Return (IR56B) for your employees with the IRD — we handle this for you.

Frequently Asked Questions

What is an offshore claim?
If your HK company earns profits exclusively outside Hong Kong, you can file an offshore claim to exempt these profits from taxation. The result can be an effective tax rate of 0% — ideal for personal holdings and international e-commerce businesses.
When is the tax return due?
Generally, a Hong Kong Profits Tax Return must be filed within 1 month from the date of issue. In practice, for represented corporate cases, the filing deadline often depends on the company's financial year end / accounting date code and the IRD block extension scheme. The practical deadline may therefore differ from case to case.
What software does Strasia Group use?
We use modern cloud-based accounting software such as QuickBooks and Xero. You can send us documents via Google Drive, Dropbox, or physical mail. Communication is via WhatsApp, Telegram, or email.
Does Strasia Group offer Employer's Returns?
Yes — we prepare and file the Employer's Return (IR56B) for your employees with the IRD. This is part of our accounting service.
Does my HK company need audited accounts?
Yes — Hong Kong limited companies are generally required to prepare audited financial statements. These form the basis for the Profits Tax Return.
Can Strasia handle bookkeeping fully remotely?
Yes — we handle all bookkeeping, annual accounts and tax filing fully remotely. Documents are submitted via Google Drive, Dropbox or post. Communication is via WhatsApp, Telegram and email.
What penalties apply for late tax filing in Hong Kong?
The Inland Revenue Department (IRD) may impose penalties and surcharges for late filing of Profits Tax Returns. Repeated offences can lead to additional fines and even prosecution. Timely filing is therefore essential to avoid unnecessary costs.

Ready for your accounting?

Free initial consultation — 60 minutes, no obligation.

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Tax Comparison

Hong Kong0–16.5%
Singapore0–17%
Dubai0–9%
Labuan0–3%
USA0–21%
Germany~30%
Netherlands19–25.8%
France25%

Tax Rates & Compliance Obligations Compared

CriterionHong KongSingaporeDubaiUSAUK
Corporate Tax0–16.5%0–17%0–9%0–21%19–25%
Capital Gains Tax0%0%0%0–20%10–20%
GST / Sales tax / VAT0%9%5%State-level20%
Tax Filing DeadlineDepends on financial year end30 Nov9 months post-FY15 Apr12 months post-FY
Accounting StandardHKFRSSFRSIFRSUS GAAPIFRS

Data as of 2026. Information subject to change.

Our Office

Contact our Hong Kong Team

Our team is available for all questions regarding company formation, accounting, compliance, and visa & migration. Leave your details and we will get back to you within 24 hours.

Strasia Group — Hong Kong

Office

Unit 1005, 10/F, Boss Commercial Centre
28 Ferry Street, Yau Ma Tei
Kowloon, Hong Kong

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