With the passing of the epidemic, international trade has picked up significantly recently, so many traders set up Hong Kong companies in the Asian financial center. Then if you set up a company in Hong Kong, you need to pay attention to the collection of bank documents, because according to the Hong Kong Company Law, Hong Kong companies need to be audited every year and issue audit reports. And the quality of audit report will directly affect the company's tax risk.

First of all, we need to know that the audit of a Hong Kong company needs to provide the auditor with complete original documents, among which the most important is the current statement (monthly statement) of the bank account of a Hong Kong company. Because bank statements are third-party evidence that accurately reflects the money flows of Hong Kong companies. At the same time, in order to verify the authenticity, the Hong Kong auditor will also conduct the verification process to the company's Hong Kong bank to prove the authenticity of the balance of the bank account documents. However, if your Hong Kong company lacks bank account documents during the audit, the auditor will issue an audit report which cannot be expressed. Moreover, if the missing bank account documents are not supplemented in the following years, the audit report opinions of Hong Kong company cannot be expressed in the future, which will bring high tax risks to Hong Kong company. Therefore, if you have a Hong Kong company, be sure to keep the bank account receipts of the Hong Kong company complete.

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