Accounting and Tax Services

Carlyon Group provides professional accounting, taxation services, and audit assistance to help clients comply with Hong Kong's regulatory and compliance requirements, ensuring your business operations run smoothly.

"Low Tax Rates, Business-Friendly Environment" is a long-standing policy upheld by the Hong Kong government. In addition to advantages that many countries and regions cannot match, Hong Kong offers an ideal business environment in terms of taxation, assisting investors in expanding their operations.

According to Section 51C of the Hong Kong Inland Revenue Ordinance, every person carrying on a trade, profession, or business in Hong Kong must maintain sufficient records in English or Chinese of their income and expenses. This is to ensure that the assessable profits of the trade, profession, or business can be readily determined. These records must be retained for at least 7 years after the completion of the transactions, acts, or operations to which they relate. Failure to maintain the specified records as required by law may result in a maximum fine of HK$100,000.

Our professional team possesses over 10 years of accounting and taxation experience in dealing with the Inland Revenue Department. With extensive expertise in taxation, accounting, auditing, risk management, and tax filing, we can develop feasible Hong Kong tax service solutions tailored to the characteristics and practical needs of your industry.

Major Taxes

Profits Tax
Salaries Tax
Property Tax
Hong Kong Customs Duties

Tax Exemption on Overseas Income

Hong Kong's tax system operates on the "Territorial Source Principle". If the activities generating the relevant profits are carried out outside Hong Kong, the taxpayer is not required to pay tax in Hong Kong. However, an application for tax exemption or an advance ruling from the Hong Kong Inland Revenue Department is necessary.

Avoidance of Double Taxation

Double taxation occurs when two or more jurisdictions impose taxes on the same income or profits of a taxpayer. The Hong Kong government has signed Comprehensive Double Taxation Agreements (CDTAs) with numerous countries and regions worldwide. These agreements clearly define the taxing rights between the two parties, reducing the likelihood of double taxation for Hong Kong residents or corporations and residents or corporations of the treaty partner.

Our Services Include:

Tax Advisory
Tax Filing
Maintaining account books recording income and payments
Handling vouchers, bank statements, invoices
Managing receipts, records of assets and liabilities, etc.
Organizing accounting books
Preparing and submitting financial reports
Calculating taxes and filing various types of tax returns