The Li & Fung (Trading) Limited case was regarded as an agency case, whereby the Hong Kong agent (principal) provided services to its non-related customers in connection with the manufacture, sale and purchase of goods. Such services included finding suppliers to manufacture the goods, which would then be sold by these non-related manufacturers to the […]
The Hong Kong fiscal year runs from 1 April to 31 March of the following year. Accounting period for businesses can be departed from the fiscal year. However, the end of the fiscal year comes with the start of the 2022 tax filing season. No matter whether it is your first time to file tax […]
Hong Kong companies need to prepare annual financial reports. But did you know that an interim report should be prepared in some cases as well?
Do you have a Hong Kong company or are you looking to set up one? Every Hong Kong company has to file an Annual Return, as stated Companies Ordinance.
