Global expertise, Local knowledge€¦ · Similarly, we assist overseas clients with professional...

H Song Kong· henzhen

Global expertise, Local knowledge

Audit ∙ Tax ∙ Accounting

www.pkf-hk.com

Derek Wan

Audit Partner

Tel: +852 2969 4063

E-mail: [email protected]

Alfred Chung

Audit Partner

Tel: +852 2969 4026


Karen Tsui

Audit Partner

Tel: +852 2969 4023


Tracy Fong

Director, Corporate Services Division

Tel: +852 3528 0292


Wilson Tan

Audit Partner

Tel: +852 2969 4080


Edith Lam

Audit Partner

Tel: +852 2969 4041


David Leong

Managing Partner

Tel: +852 2969 4022


David Cho

Deputy Managing Partner

Tel: +852 2969 4014


Henry Leung

Senior Partner and Chairman

Tel: +852 2969 4028


Professional team

PKF·Hong Kong

Hong Kong office: 26/F, Citicorp Centre, 18 Whitfield Road, Causeway Bay, Hong Kong

Dave Deng

Associate Director, office in charge

Tel: +86 755 2583 8378


Leo Lam

Audit Principal

Tel: +86 755 2583 8377

E-mail：[email protected]

Shenzhen Unit 3616, 36/F, Shun Hing Square Di Wang Commercial Centre

5002 Shen Nan Road East, Shenzhen, the PRC

office: , ,

PKF·Shenzhen

Formed in 1969, PKF International is an association of independent professional firms

which consists of 400 offices across 150 countries. PKF International has more than

2,270 partners and 22,000 staff worldwide providing our clients with

services across the globe.

audit,

accounting, tax and advisory

PKF Hong Kong was founded by Mr. Henry Leung in 1968, who is within

the first batch of certified public accountants ("CPAs") in Hong Kong.The

Hong Kong firm joined PKF International in 2000.

In 2006, PKF Shenzhen was established to support cross-border business

between Hong Kong and China and aimed at providing one-stop

services to our overseas and Chinese clients.

About PKF

Comprising of 8 partners and over 160 professional staff, the service

teams of PKF Hong Kong and Shenzhen are led by CPAs and business

advisors with business insights, professional expertise, market vision and

solid international experiences. Through our audit, tax, IPO, corporate

restructuring, merger and acquisition, business and management

consulting and financial advisory services, we support our clients from

intensive challenges and add value to their business to drive success.

professional services

45years

staff

22,000

400 offices

150 countries 2,270partners

Cross-border expertise,one-stop services

Global reach, commitment to excellence

China: Where opportunities meet challenges

After decades of development, the As an international accounting firm,

Chinese market is steadily maturing we are committed to provide our

to global marketization and clients with high quality one-stop

standardization. To enhance long services. We are aimed at working

term economic growth, the Chinese closely with our clients based on our

government is progressively expertise and solid experience,

modernizing its business and leveraging on the strength of PKF

taxation laws and regulations which network of overseas firms to offer

are peculiar to the country's needs solutions for their businesses.

within the context of the

international legal framework.

A prompt awareness of legislative

changes, followed by effective

planning and detailed

implementation, is essential and

beneficial for investors staying ahead

of their competitors.

Staying abreast of development, making the right decision

Being one of the biggest capital and consumer markets in the world,

China plays a fundamental role in driving global economy. Whilst

China will continue to attract overseas investments due to its enormous

domestic market potential, we see there is a recent trend for PRC

enterprises seeking outbound opportunities for business expansion

following the "Go Global" national strategy announced by the PRC

central government. A good example is the launching of the "One-

Belt, One-Road" cross countries mega project initiated by the Chinese

government. Globalization is unquestionably fueling the economy of

China into a new era.

With our global network, we are full-service

certified public accounting and advisory firm

with specialties across statutory audit, tax,

business consulting, Initial Public Offering

audit, corporate restructuring, mergers and

acquisitions, financial advisory, and wealth

management services, etc. Our dedicated

professionals in Hong Kong and China can give

you confidence of achieving sustainable

business growth with our professional

knowledge and practical experience.

Professional services

·Tax and business advisory

·Corporate services and

risk management consulting

·Audit

·Wealth management

Audit and assurance

For limited companies in the PRC and Hong Kong, we perform statutory audit on

their financial statements and issue audited reports in accordance with

international and/or local accounting standards.

In relation to consolidation of group financial results for overseas headquarters'

level, we can perform statutory audit and issue audited reports for the subsidiaries

in the PRC and Hong Kong, and complete financial reporting checklist and

package before stipulated time frame.

We can also assist in liquidation and issue liquidation report for corporations.

Audit

As the group's financial advisor, we work closely with your sponsor, lawyer and other

professional teams to provide financial advice throughout the IPO process. We can

serve as your IPO reporting accountants for major capital markets including Hong

Kong. We perform audit of the listing group, and respond to inquires raised by other

professional parties, the stock exchange, governing financial authorities and

regulators during the IPO process.

We have experience in preparing financial investigative reports based on specific

management instructions or to fulfill compliance requirements of external bodies or

government authorities, including certification report in relation to asset loss for tax

deduction purposes, super deduction of research and development expenses etc.

Initial Public Offering ("IPO")

Other certification report

Tax advisory

We provide comprehensive tax services in respect of the PRC and Hong Kong regimes to

assist our clients comply with local requirements and apply for tax incentives. Our advices

cover major taxes including corporate income tax, personal income tax, turnover taxes

(value added tax, business tax, consumption tax), customs duties, foreign exchange control,

which are tailor-made for our corporate and individual clients throughout the entire

business cycle.

We also defense our clients in tax audit and investigation instigated by the tax authorities in

the PRC and Hong Kong, resolve tax disputes and agree the amount of tax undercharged

plus penalty by reaching compromised settlement with the Inland Revenue.

Tax and business advisory

Our tax professionals can conduct due diligence review on the targeted enterprise based on

management's instructions.

For corporate restructuring, we shall discuss with our clients to devise appropriate holding

and operating structures to meet with stated objectives. We shall advise and comment on

the tax efficiency of the new structures and restructuring processes involved.

After completion of restructuring, we can assist our clients comply with relevant financial

and taxation reporting requirements, and prepare supporting documents to apply for special

preferential taxation treatments.

Corporate restructuring & mergers and acquisitions

To manage transfer pricing risk in the PRC, we shall assess your intra-group pricing policy for

related party transactions, perform benchmarking analysis and provide our

recommendations for improvement.

On the compliance side, we can assist your Chinese enterprises fulfill annual reporting

requirements under PRC transfer pricing regulations including compilation of

contemporaneous transfer pricing report.

Transfer pricing

Through our international network of professional firms, we provide practical guidance to

our clients and support their investments. Our services range from initial planning to final

performance evaluation:

market study and research into entry requirements, devise investment

and operating structures, perform financial analysis and suggest tax savings opportunities

implement restructuring processes in compliance with local tax and

financial reporting requirements

investment exit strategy such as disposal/transfer of overseas holding

vehicle

Similarly, we assist overseas clients with professional advice on their inbound investments

into China covering major commercial perspectives including market entry research,

investment/operating structure, transaction model planning, tax planning, transfer pricing

management, profit repatriation, the PRC customs and foreign exchange control, etc.

- Project planning:

- Project execution:

- Project completion:

Cross-border transaction

Company set up

We provide company incorporation services in the PRC, Hong Kong and other

common overseas jurisdictions to cope with the business expansion of our clients.

Our one-stop services include market entry research, advice on company set up

procedures, preparation and submission of application documents, and assistance

in answering inquiries raised by the government authorities.

After incorporation of the company, we shall provide statutory professional

services to support its business.

Corporate services and risk management consulting

Apart from tax advisory, we handle routine/ad hoc tax compliance matters of our

clients in the PRC and Hong Kong, including tax registration, tax returns filings, tax

clearance for de-registration, application for tax incentives, etc.

Tax compliance

We provide professional secretarial services with reference to the requirements of the

Hong Kong Companies Ordinance which include:

1) Acting as Company Secretary;

2) Preparing documents required for Annual General Meeting;

3) Preparing and filing Annual Return to the Hong Kong Companies Registry;

4) Keeping and updating the company's statutory records and registers; and

5) Providing registered office and correspondence address in Hong Kong.

Hong Kong company secretarial services

Our bookkeeping and payroll services include initial set up of accounting system;

monthly entry of financial transactions and preparing financial statements according

to local/international accounting standards; provision of training courses to finance

personnel and handling monthly payroll for staff, etc.

Accounting and payroll

Offshore trust

We listen to individuals and help them set up appropriate structures to preserve personal

wealth, protect assets and enhance business succession. In some cases, offshore trusts

which meet specific local taxation requirements could bring tax advantages. Our tax

professionals will be your first contact for exploring the idea.

Our team will work closely with you and your appointed professionals to advise on an

appropriate trust structure and provide implementation support including provision of

specific tax opinions, preparation of assets injection documents and review on trust deed and

letter of wishes, etc.

Wealth management

Nowadays, senior executives need to travel more extensively then ever to perform multiple tasks

for their multinational conglomerates. Depending on factors such as the tax residence of the

executive, the existence of a double taxation treaty, one's physical presence and overseas

personal income tax laws, one's emoluments could be subject to taxation in various jurisdictions,

which could lead to double taxation if there is no foreign tax relief. To reduce tax burden and

costs for multiple reporting requirements, we suggest you talk to our tax professionals at the

planning stage for a suitable working arrangement in the PRC, Hong Kong and overseas.

Apart from corporations, we advise individual investors on their personal taxation issues

covering individual income tax, capital gains tax, gift tax, estate duty etc.

Personal tax advisory

The economic globalization of the world drives the movement of resources, technology and

people. Immigration to a foreign country is an important stage of life. Unfortunately, most

countries have stringent immigration policies which are complex and subject to change from

time to time. The immigration process is also lengthy and burdensome which often requires the

applicant to submit different sorts of personal, educational and business testimonials and

documentation for review and examination.

To alleviate pressure and enhance the chance of approval to your application, our immigration

consultants will guide you through these complications and provide bespoke advisory services.

Our services include assessment of the feasibility of immigration under different categories,

preparation of application documents for submission and following up with immigration

authorities and replying to their inquiries.

Migration services

Our values

Throughout the years, we have been investing in our

people and technology to provide effective and efficient

services and we will continue to do so in the future. Our

expertise and practical knowledge will provide guidance

to our clients for them to remain competitive and stay

ahead of their business counterparts.

Commitment to excellence

As reputable international accounting network,

integrity is always our top priority. Our cornerstones are

to serve our clients with responsibility, professionalism

and trustworthiness, which ensure quality in everything

we do.

Integrity

Just as we know there is no panacea to all problems, we

understand every client is unique and requires specific

attention. We listen to your needs and help you achieve

your goals. Our satisfaction comes from adding value to

your business through our tailor-made solutions. We do not

view individual projects as separate cases; instead, we

believe that they are opportunities to nurture and benefit

our long term business relationship.

With the global economy merging in an unprecedented pace,

we are committed than ever to support your business in the

international arena by our proactive and professional

approach. PKF will continue to serve as one of the most

reliable international platforms in identifying newest

opportunities and maximizing your value in such complex and

competitive global market. We strive to exceed your

expectations.

A firm fit for the future

Value adding

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