The business and tax landscapes have changed dramatically, and the pace and complexity of change continue to increase. TRIPITAL can help you navigate this shifting landscape.
HKSAR Governments are tempering the need for revenue with increased competition for labor and capital. Tax authorities are adapting their enforcement strategies, focus, and policies in response to the changing dynamics of business. Companies are balancing competing priorities, ensuring they maintain compliance while adding value. TRIPITAL can assist you with these issues in today’s tax environment, including:
- Profits Tax and Salaries Tax in Hong Kong
- Handling the issues of the tax investigation
Tax investigation
Tax investigation and field audit are the methods of investigation set out by the Hong Kong Inland Revenue Department when they are doubt to the sources of income of the taxpayer. Authorized under the Inland Revenue Ordinance, the assessing officer is empowered to investigate the taxpayer. The general scope of the investigation is very broad, including companies, individuals, and even family members.
TRIPITAL has a professional team with extensive knowledge of Hong Kong tax and many years of successful experiences. TRIPITAL provides comprehensive assistance to our customers with wide range of analysis and recommendations. Our professional tax services can save your valuable time and financial costs by providing comprehensive tax planning in order to solve the past tax issues and reduce the future tax risks.
Actions from Tax Authority
- Taxpayer receiving the tax notification
- First meeting
- Field audit
- Reviewing the taxpayer’s tax position
- Settle the case meeting
- Proposing the fine
- Conclusion
Our corresponding services
- Assessment and understanding our client’s background and business operation
- Providing consultancy and professional advice at the technical level
- Preparation and plan for the first meeting
- Accompany with client attend the first meeting of the Inland Revenue Department(“IRD”)
- Following up the case and to communicate with IRD
- Analysis of the client’s business Analysis of the client’s business information and personal financial records, in order to grasp the aspect may necessary for adjustment
- Negotiating with IRD, proposing reasonable and best solution to settle the case
- Negotiating the fine and penalty in our client favorable position
- Advising the future improvement of tax