Updated 29 May 2026
2026 tax filing: how much is the dependent parent allowance? Claim conditions, the definition of living together and sharing arrangements explained
You can claim an allowance for supporting parents or grandparents aged 55 or above who ordinarily reside in Hong Kong. For 2025/26, the maximum per person is HK$100 […]
Updated 29 May 2026
[2026 tax filing] How is salaries tax calculated? How much are the personal allowances? A tax-saving guide to deductible items at a glance
Salaries tax is charged at the lower of progressive rates and the standard rate. For 2025/26, the basic allowance is HK$132,000 and the one-off reduction is capped at HK […]
![[How a company files tax returns for its employees] The difference between the employer's return BIR56A and IR56B explained](https://setuphk.com/wp-content/uploads/2025/05/company-search-5-768x485.webp)
Updated 28 May 2026
How a company files tax for its employees: what is the difference between the employer’s returns BIR56A and IR56B? Understand your tax responsibilities and file correctly
Filing tax returns for employees is the employer's statutory responsibility. The employer's return (BIR56A) and the individual IR56B remuneration reports must be submitted on time, covering any employee with remuneration income, […]
Updated 28 May 2026
Is tax payable on dividends in Hong Kong? Company dividends vs dividends received by individuals: conditions, process and tax exemptions explained
Wondering whether tax is payable on dividends in Hong Kong? SetupHK sets out the tax rules and the key points on company deductions in one go, helping you understand profit distributions by Hong Kong companies, points to note and the conditions for paying company dividends!
Updated 28 May 2026
Unlimited company tax filing guide: understand profits tax calculation, deductible items, the filing process and key filing points in 5 minutes
An unlimited company does not need an audit and only pays profits tax. Sole proprietorships file BIR60; partnerships file BIR52. If turnover exceeds HK$2 million, […]
Updated 28 May 2026
Complete guide to Hong Kong company profits tax: rates, calculation, filing process and legal tax saving (latest for 2026)
Companies carrying on business in Hong Kong and earning local profits must pay profits tax. Limited companies are subject to two-tier tax rates (8.25% / 16.5%), while unlimited […]
Updated 12 March 2026
Hong Kong profits tax basics: key tax points for first-time founders
Hong Kong profits tax is charged only on profits from Hong Kong businesses. Limited companies are subject to two-tier tax rates: 8.25% on the first HK$2 million and 16.5% on the remainder. If a company […]
Updated 12 March 2026
After setting up a Hong Kong company: first-year to-do list
In its first year after incorporation, a Hong Kong company must open a bank account, set up an accounting system, file its annual return (NAR1), file its profits tax return and renew its business registration, each with a clear […]
Updated 13 January 2026
What do Hong Kong tax filing services include? Company tax filing process, fees and real benefits explained
Hong Kong tax filing services cover bookkeeping, audit coordination and profits tax returns. A professional team helps calculate tax, submit the audit report and reply to IRD enquiries, reducing errors and omissions for businesses […]
Updated 9 January 2026
2026 Hong Kong accounting services guide: services, process, fees and points to note
Hong Kong accounting services help companies organise their accounts, prepare financial statements, file tax returns and manage payroll. Outsourcing to professional accountants can save cost and risk, ensure compliance and financial transparency, […]
Updated 9 January 2026
Does a Hong Kong company have to be audited? Audit services, fees and audit firm recommendations explained (latest for 2026)
A Hong Kong limited company must be audited every year. The service covers the statutory audit report, profits tax computation and filing of the tax return. Audit fees depend on the company's size, the complexity of its business and the completeness of its […]
Updated 9 January 2026
Accounting and auditing explained: 4 key differences and statutory essentials every Hong Kong company must know
Accounting records the financial data; auditing (an audit) verifies the statements. A Hong Kong limited company must complete both processes every year. Without an audit, you face tax penalties, […]