OCTIS HK • Profits tax

The tax letter arrives, and you stay calm

We work out the tax, apply the two-tier rate and file your return with the audited accounts, and when the tax office writes, a person reads it with you.

Tax computation and the BIR51 return, prepared and filed
Reminders before every filing date, with your books, audit and return on one system
A person answers when the tax office writes

Get up to 30% off

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Why OCTIS

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The return done and filed

We compute the tax and file the BIR51 with the audited accounts. You sign, we send.

Charts, a calculator and glasses on a desk

The lower rate used where it applies

8.25% on the first HK$2 million of assessable profits and 16.5% on the rest. Only one company in a connected group can use the lower tier, and we check which.

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An offshore claim with the evidence behind it

Hong Kong taxes only Hong Kong-sourced profits. On Premium we prepare the offshore claim and support it if the tax office asks.

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The employer's return, not forgotten

With staff, the BIR56A and an IR56B per employee arrive each April. Every OCTIS accounting and bookkeeping plan includes them.

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Your books, audit and return on one connected system

Everything the return rests on sits in one workspace you can open any time, and we remind you well before every filing date.

A plan that fits everyone

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Founders with a first return coming

Your first return arrives about 18 months after incorporation, with three months to file. You have never filed one. We do it with you from the first page.

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Owners selling outside Hong Kong

Your clients and your work are overseas. We prepare the offshore claim on Premium and back it with evidence.

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Owners who dread the tax office's letter

You open the envelope and do not know the deadline or the next step. Forward it to us. A person tells you what it means and what we do about it.

The complete profits tax package

Every year, you receive:

Audited financial statements, signed by a Hong Kong practising CPA
Profits tax computation, two-tier rate applied
Profits tax return (BIR51) filed
Auditor queries handled for you
Offshore profits claim prepared and supported (Premium)
Complex asset treatment (Premium)
Dormant company resolution and filings
Reminder before each filing date

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HOW IT WORKS

From the tax letter to filed, in four steps

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Send your bill or letter

WhatsApp us your current tax bill or the return you received. A person replies with a quote up to 30% lower, usually within one working day.

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We work out the tax

We prepare the profits tax computation from your accounts and apply the two-tier rate.

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The audit, with your auditor's questions handled

A Hong Kong practising CPA signs the audited accounts. We answer the auditor's questions so you do not have to.

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We file, and track the next date

We file the BIR51 with the audited accounts, then track the next filing date from your company's dates and remind you well ahead.

Get up to 30% off

Got a tax letter you do not understand?

Send us a photo of it, with your current tax bill. We tell you what it asks for and what the next step is, and quote up to 30% below the bill.

Send us the letter

Move your profits tax to OCTIS without the hassle

Changing who files your tax sounds like paperwork. We carry it. Send us your financial statements and prior-year returns. We pick up the rest from your current adviser.

Switch now

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Keep the rest of your compliance in one place

Profits tax rests on the books and the audit. Have both handled by the same team.

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Accounting and bookkeeping

Books your auditor can work from, and your employer's return each April.

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Statutory audit

Signed by a Hong Kong practising CPA, ready for your tax return.

PROFITS TAX IN HONG KONG

What Hong Kong profits tax asks of you, and what we do about it

1The rates

For a corporation, 8.25% on the first HK$2 million of assessable profits and 16.5% on the rest. Only one company in a connected group can use the lower tier. We apply the rates in your computation.

2Only Hong Kong profits

Hong Kong taxes only profits sourced in Hong Kong. A company can claim some or all of its profits are offshore, but the claim needs evidence and is often examined. On Premium we prepare and support it.

3When the first return is due

The Inland Revenue Department normally issues a new company's first return about 18 months after incorporation, with three months to file. Later returns are issued each April. We track the dates and remind you early.

4Filed with audited accounts

An active company files the return with audited financial statements. We run the audit and the return together. A dormant company is quoted separately.

5The employer's return

If the company has staff, the employer's return (BIR56A with an IR56B per employee) is issued each April and due within a month. Every OCTIS accounting and bookkeeping plan includes it.

6Keep your records

The Inland Revenue Ordinance requires business records to be kept for at least seven years. We tell you what to keep.

FAQ

Are profits earned outside Hong Kong taxed?

Hong Kong taxes only profits sourced in Hong Kong. A company can claim that some or all of its profits are offshore, but the claim must be supported with evidence and is often examined — our Premium plan prepares and supports it.

When do I file my first profits tax return?

The Inland Revenue Department normally issues a new company's first return about 18 months after incorporation, with three months to file. Later returns are issued each April.

Can I buy tax filing without the audit?

Not for an active company: the return is filed with audited financial statements. A dormant company is quoted separately.

What about the employer's return?

If the company has staff, the employer's return (BIR56A with an IR56B per employee) is issued each April and due within a month. It is included in every accounting and bookkeeping plan.

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