Tax Updates

The 2026-27 Hong Kong Budget introduces a 100% waiver of 2025/26 profits tax, capped at $3,000 per case, benefiting ~171,000 businesses. This one-off relief applies to final profits tax for 2025/26 but not provisional tax. Global Minimum Tax (GloBE) rules took effect for MNEs on Jan 1, 2025.  Key 2026-27 Read more

Complying with the Hong Kong audit requirement involves several critical steps: Step 1: Prepare Accurate Financial Records Maintain proper accounting records, including: Accurate bookkeeping ensures a smoother audit process and compliance with the requirement for audited financial statements in Hong Kong. Step 2: Appoint a Licensed Auditor Only auditors licensed Read more