Frequently Asked Questions

Section 475(2) of the Companies Ordinance (Cap. 622) restricts the sole director from acting as the company secretary. Also, section 475(3) of the Companies Ordinance (Cap. 622) states that private company having only 1 director should not have a body corporate as its company secretary if the director of that body corporate is the sole director of private company at the same time.

A limited company must prepare accounting accounts, appoint a certified public accountant to arrange an audit, and submit the audit report, profits tax calculation table and profits tax return to the Inland Revenue Department.

Generally speaking, only Hong Kong limited companies need to submit the audit report when filing tax returns. In addition, if the profit of a sole proprietorship or partnership business exceeds 2 million, the tax return must also be accompanied by a balance sheet and a business profit and loss statement certified by a certified public accountant. File a tax return.

What documents are required to prepare an audit report?

Do I need to file a tax return if my company has not operated in the past year?

How long does it take to submit a tax return to the Inland Revenue Department?