How do Hong Kong companies conduct their first accounting and tax reporting

Zero tax declaration: Suitable for inactive companies without operations. If the Hong Kong company has not been operating since its establishment, the tax declaration can be based on no business activities. Accounting, auditing, and tax declaration: Suitable for Hong Kong companies with operations. In cases where business occurs after the company is established, it is necessary to conduct accounting audits and submit the completed audit report to the Inland Revenue Department for tax declaration.