The following companies are exempt from submitting audited accounts together with their profits tax return:
• Small corporations (defined as those corporations whose total gross income does not exceed HKD 500,000 for the basis period)
• Dormant companies as per the Companies Ordinance definition (defined as having "no relevant accounting transactions" during a financial year)
• Companies incorporated in a jurisdiction whose laws do The following companies are exempt from submitting audited accounts together with their profits tax return:
• Small corporations (defined as those corporations whose total gross income does not exceed HKD 500,000 for the basis period)
• Dormant companies as per the Companies Ordinance definition (defined as having "no relevant accounting transactions" during a financial year)
• Companies incorporated in a jurisdiction whose laws do not require accounts to be audited
• Hong Kong branch of a foreign company, provided that the following information is supplied together with the return
o the place of incorporation of the foreign company
o whether the laws of that country require a statutory audit of the world-wide accounts of the company
o whether that audit has been conducted and
o a brief summary of the financial and accounting records maintained by the Hong Kong branch.