Accounting

All Hong Kong companies in Hong Kong are obliged to have management and audited accounts, an area in which we can help and assist. Although this obligation seems to be quite burdensome (compared to some other jurisdictions where such obligations do not exist or where exemptions apply), often, amongst others for purposes of creating tax substance, it will be good to have this accounting documentations in place. These obligations also make sure that one keeps proper documentation whenever loans are provided, expenses are incurred or dividends distributed.

We can assist with accounting matters from bookkeeping to auditing:

  • Bookkeeping and cash flow report
  • Provision of management account
  • Provision of accounting reports
  • Provision of annual and periodic financial statements
  • Provision of payment processing
  • Consultation on other accounting matters
Specific questions? We are happy to help you. Contact us

About Us

We all know that the duty to pay tax will always be there. As Hong Kong and Mainland China are emerging markets, sophisticated tax advice in Hong Kong and Mainland China has become increasingly in demand with a view to mitigate the (corporate) income tax within corporate and individual structures.

Further, as a result of pressure from the Organisation for Economic Co-operation and Development (`OECD`), most jurisdictions, including Hong Kong and Mainland China, have decided that Exchange of Information should be part of their tax legal system.

The tax system in Hong Kong is simple but not straight forward. HKWJ Tax Law & Partners Limited’s international/Hong Kong tax consultants are here to assist you with finding the right tax solution for you personally and your companies by means of offering Mainland China and Hong Kong tax consultancies’ services including international tax consultancy services. Our international/Hong Kong tax consultants are also specialised in providing other tax services, such as resolving tax disputes between the Mainland China/Hong Kong tax department (Hong Kong tax office) and clients. In Hong Kong, apart from Hong Kong tax services in respect of consultancy and compliance, we are here to assist you also with your accounting issues and carry out process agent services at the same time.

Please feel free to contact us if our tax advice in Hong Kong and Mainland China and/or internationally is required! Our international/Hong Kong tax consultants, including a tax lawyer and a senior Hong Kong tax consultant are looking forward to solve your problems!

Contact Us

Our People

Willem Jan Hoogland

Partner Get in touch

David Lo

Senior Tax Manager Get in touch

Andy Ma

Accountant Get in touch

Lucas Ting

Senior Tax Advisor Get in touch

Annie Choi

Company Secretary Get in touch

Testimonials

That’s the best news we have heard in a while. Lots of credit go to you and your colleagues!

Latest news

Termination of the Shipping Income Tax Agreement Between the United States and Hong Kong

21 August 2020

On 19 August 2020, the government of the United States (“the US”) announced that the agreement in respect of double taxation relief on income derived from the international operation of ships entered into between the US and Hong Kong (“the Agreement”) has been terminated. Pursuant to the Agreement, which has been effective since 1989, income… read more

Tax Incentives in the Greater Bay Area and Free Trade Zones/Port in Southern China

7 July 2020

Pursuant to a co-operation framework agreement entered into in July 2017, Hong Kong, Macau and nine municipalities in the Guangdong Province of Mainland China including Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing have strategically integrated to form the Greater Bay Area (“GBA”), with a view to develop the region as a world-class… read more

Did you receive THE Green Envelope? Tips on the 2019/20 individual (salaries) tax return

7 June 2020

Individual Tax Return Filing for the Year 2019/20 The Hong Kong Inland Revenue Department or simply the Hong Kong Tax Authority (“IRD”) has now issued the year 2019/20 individual (salaries) tax returns (yes, that green envelope) for completion. Lodgement of tax exemption claims Individuals are obliged to report their relevant income in their individual tax… read more

Tax Consequences on Termination Payments

18 May 2020

Introduction Due to the COVID-19 pandemic, many industries, such as aviation, tourism, hotel, hospitality, retail and catering, have been severely impacted. As a result, various employees, such as pilots and salesmen, have been dismissed by their employers. Some of those employees may be entitled to termination/redundancy/severance packages from their employers, such as a reward for… read more

See all news items