Annual compliance for your Hong Kong, China, or Singapore company. We run the calendar, so you don’t have to track it.
Online and Asia-based accounting firms mostly process what they’re given, without asking whether the numbers match the business, or recommending how to improve your statements. The cost shows up later, when a tax inspection turns up something wrong, or when you pay more tax than you should.
We do the work as if the books were our own.
Compliance calendar
Different jurisdictions, different annual cycles
Hong Kong is anchored to the company’s incorporation date and Singapore to your financial year-end. China is different: filings are monthly from day one, with no first-year grace. We handle every one of these cycles in-house.
Hong Kong compliance
The Annual Return and Business Registration renewal come every year around the company’s incorporation anniversary. The audit and Profits Tax Return follow the financial year-end. Audit is mandatory for every active company, with no revenue threshold.
China (WFOE) compliance
Monthly VAT and IIT (individual income tax) filings from day one – mandatory regardless of activity. Quarterly corporate income tax (CIT) advance payments, then the annual CIT reconciliation by 31 May and the AMR (China’s market regulator) report by 30 June. We aim to finish the audit by 30 April, so the audited figures are ready a month before the May filing. Miss the AMR and the company lands on the Abnormal Operations List, which makes the bank ask questions.
Singapore compliance
Estimated Chargeable Income is due within 3 months of year-end and the ACRA (Singapore’s company registrar) Annual Return within 7 months. The corporate tax return follows by 30 November. Most Singapore companies we work with would qualify for the small-company audit exemption.
Our method
How we prepare statements you can defend in a tax inspection
We learn your business first
Before we open the books, we find out what your company sells and how the structure across your jurisdictions works. That context shapes every categorisation in the financial statements. Without it, the statements may follow the accounting rules but not describe your business.
We know where reporting gets risky
Wrong figures can pass the audit and still come up later in a tax inspection. The tax office asks questions when categories don’t reflect the business or when amounts don’t fit the size of the operation. Margins that look too thin or too round draw the same attention. A related-entity transfer without proper documentation, or without clear business purpose, is something a bank reviewer notices.
We don’t sign off on numbers we can’t defend
Every set of financial statements goes through internal review before it reaches the auditor. That review checks that each categorisation matches the business, and that the margins and supporting files behind it are documented in proper form. Anything that fails the check gets fixed before the audit. You don’t have to read draft statements and decide what’s risky – we do that part.
Tax & accounting FAQ
Tax and accounting services for businesses expanding to Hong Kong or Singapore
Are there any providers specialising in tax and accounting services for businesses expanding to Hong Kong or Singapore?
Yes – this is exactly what we do. USG runs accounting, audit preparation, corporate secretary and tax filings for Hong Kong and Singapore companies in-house. The service is built for founders who run the company from abroad. In Hong Kong the Annual Return and Business Registration renewal fall around the company’s incorporation anniversary, and the mandatory audit and Profits Tax Return follow the financial year-end. Singapore runs on your financial year-end: Estimated Chargeable Income within 3 months and the ACRA Annual Return within 7 months, then the corporate tax return by 30 November. One team covers both jurisdictions, so you are not reconciling two providers’ calendars.
Do you provide tax compliance and advisory services for China?
Yes. A China WFOE files monthly VAT and individual income tax from day one, and quarterly corporate income tax advances. After year-end the accounts are audited, then the CIT reconciliation is due by 31 May and the AMR annual report by 30 June. We handle the filings and advise on cross-border structuring case by case, based on how your business moves money between jurisdictions.
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From your incorporation date and last filing, we show you how we’d handle the rest of the calendar.
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