Accounting, Reporting & Statutory Compliance in Hong Kong

Essentials guide · Source-checked research88% of statements checked against a source43 checked against an official source0 checked against a secondary sourceChecked 2026-10-196 held back until checked against an official source1 topic includes AI-written statements, not source-checkedNot yet professionally reviewed

• Hong Kong applies a 15% global minimum tax through an income inclusion rule and the Hong Kong minimum top-up tax for fiscal years beginning on or after 1 January 2025; the undertaxed profits rule is not yet in effect.

  Multinational groups with annual consolidated revenue of EUR 750 million or more in at least two of the four preceding fiscal years. Enacted by the Inland Revenue (Amendment) (Minimum Tax for Multinational Enterprise Groups) Ordinance 2025 on 6 June 2025. Top-up tax notification is due within six months after the fiscal year end.Inland Revenue Department, HKSAR Government · checked 2026-10-19

• An entity is exempt from preparing transfer pricing master and local files if it meets any two of: revenue not over HK$400 million, total assets not over HK$300 million, and not more than 100 employees; otherwise the files are due within 9 months after the accounting period ends.

  Separate related-party transaction thresholds exempt specific categories from the local file; IRO section 58C.Inland Revenue Department, HKSAR Government · checked 2026-10-19

Read the full guide: Tax, accounting and reporting