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Do Hong Kong companies need to provide bank statements for audit and tax declaration?

Released Date: Jun 06,2022 Article Source: HUANZE

 In the process of auditing bonded companies in Hong Kong, clients with missing bank statements are often encountered. For such companies, the auditors in Hong Kong can only issue audit reports that express their audit opinions and have reserved opinions on the clients' bank deposits.

 Be doingHong Kong corporate auditClients with missing bank statements are often encountered in the bonded process. For such companies, the auditors in Hong Kong can only issue audit reports that express their audit opinions when issuing audit reports, and have reserved opinions on the clients' bank deposits.

Therefore, when setting up a company in Hong Kong, it is necessary to take good care of the company's bank statement and download it from the Internet bank regularly. Some banks do not support downloading bank statements after a long period of time. If you do not download bank statements in advance, it is likely to bring unnecessary risks to the enterprise.besidesHong Kong corporate auditWhen downloading the bank statement, the auditor will also check the bank during the audit. If the balance on the bank confirmation letter is inconsistent with the balance on the bank statement provided by the customer, the auditor will also issue the audit report with reserved opinions.

Therefore, to set up a Hong Kong company, you should have a certain understanding of the tax knowledge of Hong Kong companies, and do not set up blindly. Otherwise, it may not achieve the purpose of establishing a Hong Kong company, but bring risks to the enterprise itself and increase tax costs.

Do Hong Kong companies need to provide bank statements for audit and tax declaration?

CycloseThe company is committed to providing domestic and foreign customers with corporate audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.

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