How Taxes Work in Hong Kong: Offshore Claims, Deadlines, and What to Prepare скачать в хорошем качестве

How Taxes Work in Hong Kong: Offshore Claims, Deadlines, and What to Prepare

In this video, Alessandro Meccheri, Head of Business Development at Statrys, interviews Henry Kwong, Senior Tax Adviser at ONC Lawyers, to explain how the Hong Kong tax system works for businesses of all sizes. From late filing penalties to offshore tax claims and preparing audit reports, this conversation provides practical guidance for entrepreneurs, SMEs, and international founders operating through a Hong Kong company. ✅ Topics covered: Key deadlines for tax filing in Hong Kong What happens if you miss a return or don’t respond to the IRD How estimated assessments work—and why they matter Who qualifies for 0% tax under Hong Kong’s offshore regime Common compliance mistakes made by foreign founders Why even loss-making or inactive companies must file Selecting a financial year-end strategically Deducting expenses and managing director-paid costs ⏱ Timestamps: 00:00 Intro 00:44 Penalties for late or missing tax returns 05:28 How and when to file your first Profit Tax Return 08:10 What to prepare before filing (audit, bookkeeping, originals) 13:25 How much tax do you really pay in Hong Kong? 15:35 Can you legally pay 0% tax? Offshore claims explained 19:00 Withholding tax benefits for cross-border clients 21:00 Choosing the right financial year-end 25:00 What happens if your business has no activity or a loss? 28:00 Deducting startup and director-paid expenses 📌 Need help setting up your company or handling tax filing in Hong Kong? At Statrys, we help entrepreneurs, freelancers, and international businesses: Set up their company in Hong Kong Open multi-currency business accounts Handle bookkeeping, audits, and tax compliance in one place 👉 Talk to us or get started: https://bit.ly/AcctingStatrys Your business deserves better than messy admin and missed deadlines. 📍 Learn more about ONC Lawyers: https://www.onc.hk Let me know if you'd like a pinned comment or shorter versions for social as well.