ACCOUNTING / AUDIT / TAX2021-08-14T07:01:34+00:00

Tax filing, accounting & auditing services in Hong Kong

Professional yet Affordable

Accounting/Audit and tax representation
Every year, Hong Kong limited companies have to do their accounting and get their books audited by a practicing CPA.

Affordable
We offer affordable services for Hong Kong companies, including Accounting, Auditing and Tax Filing (from a partner as the accountant cannot be the same as the auditor).

Transparent
We have standard packages for clients with turnover between 0 and 5 million HKD.

If you have a turnover above HKD5,000,000 we can create a custom quote based on your requirements.

Unique
What’s unique about us:

  • We provide accounting, auditing, and tax representation & filing services in the same package (it’s full service)
  • We charge according to turnover level, not based on transaction (and this is really the good news for you)
  • We use technology to help us and therefore reduce the bill for our clients by finding creative solutions to their complex challenges

This has helped us to gain specific expertise with e-commerce and Amazon Shop clients in addition to our more traditional trading and business services clients.

Depending on your needs and budget, we can do your accounting annually or on an ongoing basis.

xero

We can also use Xero to keep your accounting nice and tidy using cloud-based software

We have specific expertise with:

Integrations

ATHENASIA IS DIFFERENT

  • All inclusive package
  • No hidden fees – 100% transparent and complete about our company incorporation services and pricing
  • Boutique customer service (talk to humans)
  • Competitive pricing
  • Really approachable
  • Clear and easy

This approach has earned us the trust of existing clients, countless referrals and new “shopping clients” undecided between several providers…

ACCOUNTING FEES

We offer FULL PACKAGES, including accounting, audit, and tax representation & filing services.
We don’t charge per transaction but based on your level of turnover (which is better for you).
We have standard prices for turnover from HKD0 to HKD5,000,000 (Unlimited transactions).
If you have more than HKD5,000,000 in sales. Don’t hesitate to call us. We will develop a custom quote with you.
Here are our standard rates. You have 3 choices: Annual, Quarterly or Monthly accounting (we include a Xero subscription)

YEARLY QUARTERLY or MONTHLY CUSTOM
Personal account manager check check check
Transactions during the financial year UNLIMITED UNLIMITED UNLIMITED
Turnover level (sales) < HKD 5,000,000 < HKD 5,000,000 > HKD 5,000,000
Full set of account Once a Year Once per Quarter/Month Year, Quarter, Month,
or even Weekly
Audit check check check
Tax computation check check check
Tax representation check check check
Complete and submit tax return check check check
Xero or Quickbooks subscription Xero Ledger Xero Subscription Xero Subscription
Receipt bank subscription check check check
Multiple currency check check check
Pricing Between HKD 9,000 and
28,000 /Financial Year
Between HKD 11,750 and
38,400 /Financial Year
TBC*
(Based on your case)
Personal account manager
YEARLY
check
QUARTERLY or MONTHLY
check
CUSTOM
check
Transactions during the financial year
YEARLY
UNLIMITED
QUARTERLY or MONTHLY
UNLIMITED
CUSTOM
UNLIMITED
Turnover level (sales)
YEARLY
< HKD 5,000,000
QUARTERLY or MONTHLY
< HKD 5,000,000
CUSTOM
< HKD 5,000,000
Full set of account
YEARLY
Once a Year
QUARTERLY or MONTHLY
Once per Quarter/Month
CUSTOM
Year, Quarter, Month, or even Weekly
Audit
YEARLY
check
QUARTERLY or MONTHLY
check
CUSTOM
check
Tax computation
YEARLY
check
QUARTERLY or MONTHLY
check
CUSTOM
check
Tax representation
YEARLY
check
QUARTERLY or MONTHLY
check
CUSTOM
check
Complete and submit tax return
YEARLY
check
QUARTERLY or MONTHLY
check
CUSTOM
check
Xero or Quickbooks subscription
YEARLY
Xero Ledger
QUARTERLY or MONTHLY
Xero Subscription
CUSTOM
Xero Subscription
Receipt bank subscription
YEARLY
check
QUARTERLY or MONTHLY
check
CUSTOM
check
Multiple currency
YEARLY
check
QUARTERLY or MONTHLY
check
CUSTOM
check
Pricing
YEARLY
Between HKD 8,500 and 28,000 /Financial Year
QUARTERLY or MONTHLY
Between HKD 11,750 and 38,400 /Financial Year
CUSTOM
TBC* (Based on your case)

Frequently Asked Questions

I didn’t do anything with the business. Should I still do the audit?2021-08-13T17:54:03+00:00

Yes, you should! The only exception is if you really haven’t done anything at all – not a single transaction. For example, you didn’t open a bank account, and you didn’t sell nor buy anything. In this case, you can file a notice of a non-commencement of business. Otherwise, you have to do your accounting and get it audited by a practicing CPA.

What is the difference between the accounting and auditing?2021-08-13T17:54:36+00:00

The accountant is putting your accounts together to reflect the financial performance of your business. The auditor is a third party that will check that the accountant did a good job. This is why they have to be different people. We partner with other company auditing services, so you just have to work with us, and we will handle everything for you.

What is the tax rate in Hong Kong?2021-08-13T17:55:18+00:00

Hong Kong has a 2-tier tax system for corporate tax. 8.25% for the first HKD 2 million profit (meaning after deducting expenses from your revenues) per year and 16.5% on the remaining amount.

For your information, there is no GST/VAT in Hong Kong (But be careful if you sell in other jurisdictions), no tax on dividends (careful if you live in a jurisdiction that tax foreign income), and personal tax is progressive and capped at 15%.

Should I claim offshore tax exemption?2021-08-13T17:55:49+00:00

Although we can help you with the process, we normally do not advise our clients to apply for offshore tax exemption because:

Be careful! The offshore tax exemption is not the equivalent of paying 0% tax. It just means your profit has not been taxed YET.

Please keep in mind that claiming the offshore tax exemption can be costly and there is no guarantee. Furthermore, by proving you have no substance in Hong Kong (No permanent establishment, no operations, no sales…) you let the door open for other jurisdictions to ask you to pay corporate tax on your profit in their countries. We advise you to have a good international tax lawyer if you want to go on this path.

If you have this all covered! Sure we can help you with the application.

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