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Why do Hong Kong companies do accounting and tax returns? Are there any benefits?
Hello, the Company Law of Hong Kong and the tax regulations stipulate that Hong Kong Limited Company must audit its accounts (also called auditor's report) every year, regardless of whether it is profitable or not, and report the company's financial status to shareholders, directors and the tax bureau.

Accounting audit is the basis of standardizing the company's finance and winning a good reputation, and plays a decisive role in the company's development. Therefore, we can't ignore the accounting, auditing and tax returns of Hong Kong companies.

Auditing an enterprise is an important step to inspect and supervise the enterprise, and it is also an external supervision of the enterprise. The audit of Hong Kong companies is also called the audit of Hong Kong companies, which are two nouns with the same meaning.

Mainland enterprises are generally called auditing, while Hong Kong is called auditing or auditing. Audit literally means that auditing a company is an important step in the examination and supervision of enterprises, and it is also an external supervision of enterprises.

Hong Kong company audit is the audit and approval of the financial accounts of a company in Hong Kong for one year or more by a registered accountant in Hong Kong, and the responsible explanation is made to the Hong Kong government departments in the form of relevant document reports.

Every Hong Kong company must submit a tax return to the Hong Kong Inland Revenue Department every year. The first tax return will be issued 18 months after the registration date. After receiving the tax return, the tax bureau stipulates that it must be submitted within one month.

If a Hong Kong company operates or has a bank account, then it needs to be truthfully declared and audited. The audit of Hong Kong companies is to help the tax bureau determine the legality of tax returns, so auditors with relevant qualifications are needed to approve and issue reports.

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