Hong Kong (HK)

Jurisdiction Overview

272 *Is there an obligation to keep accounting data? Yes
 Data Date: 2019


According to the Global Forum: "[...] under s.‚ÄČ51C(1) of the IRO [Inland Revenue Ordinance], every person (including company, partnership, sole proprietorship and trustee) carrying on a trade, profession or business in Hong Kong must keep accounting records and underlying documents for a period of not less than 7 years after the completion of the transactions, acts or operations to which they relate" (GF 2019: 64).


GF 2013: 70-73
GF 2019: 64