We've had a lot of inquiries from clients recently,Hong Kong companyIs there a regulation on the fiscal year of Can Hong Kong companies choose their fiscal year freely?

In factHong Kong companyThe fiscal year is optional and can be reasonably determined according to the business needs of the company. Unlike the mainland, a company's fiscal year must be a unified natural year1month1sunrise12month31Day. The Hong Kong fiscal year requirement is4month1Sun-to-next year3month31The company may choose to align with the fiscal year so that the tax year is consistent with the fiscal year.

But many customers sign upHong Kong company, the shareholders are all mainland companies. Mainland companies have to make consolidated financial statements, so can they be consistent with the parent company's fiscal year? The answer is yes. For many of our clients, the accounting period of the Hong Kong company is the same as that of the Mainland parent company (1month1sunrise12month31In order to facilitate the consolidation of the parent company's financial statements.
Therefore, after the company is registered in Hong Kong, the accounting period can be reasonably determined according to its own needs for the first time to make accounts.

CycloseThe company is committed to providing domestic and foreign customers with corporate audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.