Not do the audit of the punishment
Such as delays in the auditor's report will be submitted following penalties:
1. The first time since the late opening of the auditor's report :
1) a fine of HKD1, 200 ;
2) within 14 days after the first penalty not been processed, you will receive a summons, and to increase the penalties HKD3, 000 ;
3) The receipt of a summons, refused to do processing, administrative responsibilities will keep on accumulating until you comply with laws of Hong Kong so far .
2. The second (or more) late submission of the auditor's report :
1) a fine of HKD3, 000 ;
2) a fine not dealt with within 14 days will receive a summons, and to increase the penalties HKD8, 000 ;
3) The receipt of a summons, refused to do treatment, will be charged with contempt of court and the government and even immigration restrictions .
Therefore, the Inland Revenue Department to submit an auditor's report is important for Hong Kong Limited, and Hong Kong company law requires that every Hong Kong Limited have each audit at least once a year, it is the obligation of each Hong Kong Limited, Hong Kong company did not audit the punishment is very serious and serious, a fine of the economy's basic penalties, but the government's record of failure will increase, and this right after the banking sector and government, as well as the exchange would have a negative impact.