In Hong Kong there are two main routes to close down a solvent private company limited by shares: deregistration and (voluntary) liquidation of a company.
Replying to IRD enquiries has to be handled with great care and strategies. Provision of unfavourable or inconsistent information to the IRD may not only render the tax claims fail but also potentially result in IRD enquiries on a further tax probe such as a full tax audit and investigation.
It is sometimes controversial whether conditions for an offshore non-taxable claim in Hong Kong are met. Here’s how to prepare for it.
In general, each entity has corporate income tax reporting and payment obligations, in other words, tax compliance.
