Annual compliance for your Hong Kong, China, or Singapore company. We run it, you don’t 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 the way we’d want it done on our own books.
Compliance calendar
Three jurisdictions, three different annual cycles
Each jurisdiction has its own rhythm: Hong Kong runs on the company’s incorporation anniversary, China is monthly from day one with no first-year grace, and Singapore is driven by your financial year-end. All three, handled in-house.
Hong Kong compliance
Annual Return, Business Registration renewal, audit, and Profits Tax Return – every year, on the company’s incorporation anniversary. Audit is mandatory for every active company, 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 annual audit by April 30, CIT reconciliation by May 31, AMR (China’s market regulator) report by June 30. Miss the AMR and the company lands on the Abnormal Operations List, which makes the bank ask questions.
Singapore compliance
ACRA (Singapore’s company registrar) Annual Return within 7 months of year-end, Estimated Chargeable Income within 3 months, corporate tax return by 30 November. Owner-operated companies usually qualify for audit exemption.
Our method
Three moves that make compliance defensible
We learn your business first
Before we open the books, we sit with you to understand the business – what your company sells and how the structure across your jurisdictions works. That context shapes every categorisation in the financial statements. Without it, the numbers can pass processing without reflecting the business.
We know where reporting gets risky
Wrong figures can survive audit, but two years later they surface in a tax inspection. Categories that don’t reflect the business draw tax-office questions. So do sizes that don’t match the operation, and margins that look too round or too thin. A related-entity transfer without proper documentation, or without clear business purpose, is the first thing the next bank reviewer notices. Most founders don’t know which patterns are risky – we’ve worked through enough of them to know.
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 confirms each categorisation holds up against the business, and that the margins and support files behind it are documented and in proper form. Anything that doesn’t hold 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 specializing 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, built for founders expanding from abroad rather than sitting next door to their accountant. Hong Kong runs on the company’s incorporation anniversary – Annual Return, Business Registration renewal, mandatory audit and the Profits Tax Return. Singapore runs on your financial year-end – ACRA Annual Return, Estimated Chargeable Income within 3 months, 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, quarterly corporate income tax advances, then the annual audit by 30 April, CIT reconciliation by 31 May and the AMR annual report by 30 June. We handle the filings and advise on offshore claims and cross-border structuring case-by-case – scoped to how your business moves money between jurisdictions.
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