The Hong Kong Companies Ordinance requires annual financial statements of Hong Kong limited companies to be audited by Certified Public Accountants (CPA) for further submission in a yearly tax assessment by the Inland Revenue Department of Hong Kong (IRD). Fiscal year of a Hong Kong company can end in December or March. In approximately 18 months after incorporation of a company, Inland Revenue Department will issue a letter requesting for the preparation and submission of a Profit Tax return form. At this point each company will need to appoint an auditor to inspect the company’s accounts and provide bank statements and supporting documents (invoices or contracts) for every incoming and outgoing transaction. We will be glad to help you choose the right accounting and auditing firms so that you could comply with the requirements and regulations of the Hong Kong Inland Revenue Department.