Hong Kong Tax Return

[James Tucker]

Anyone know of someone who has completely ignored their HK company audit and stopped trading via the company without winding down?

 

[offtopic]

Even if you stopped trading through it, you should still provide your annual returns.
Cost is very minimal and you would expose to penalties if you dont. So it depends if you intend to use it in the future or not.
FYI, tax returns deadline was 03/03...

 

[JohnLocke]

James Tucker said:
Anyone know of someone who has completely ignored their HK company audit and stopped trading via the company without winding down?
Click to expand...

For entities where you can be personal liable to ongoing costs always use a offshore corp. to form the company so that it is a offshroe corp that is liable for the ongoing costs and not you in person.

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[delarue]

it means that if you ignore the company after have stopped trading and ignores it, the company will get penalties but it won't go further as you won't be fiable for this company?