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Charitable Institutions and Trusts

Charities serve our societies in many ways, which include relief of poverty; the advancement of education; the advancement of religion; and other purposes of a charitable nature beneficial to the community not falling under any of the preceding heads. Charitable institutions may apply for tax exemption under section 88 of the Inland Revenue Ordinance (Cap 112).

The Inland Revenue Department (“IRD”) conducts regular reviews on whether the charitable institution's objectives are still charitable and its activities are compatible with its objectives. They may request for the charity’s accounts, annual report or other documents.

Charities are under constant scrutiny and must maintain a high degree of transparency in its activities and financial matters. This is crucial in keeping public trust and confidence.

With a comprehensive understanding of the charities and trusts sector, PKF Hong Kong offers audit, tax and advisory services for all charitable institutions and trusts. We also offer advice on strategy development; governance; risk management; operational efficiency; proper keeping of management information and accounts.

Our experienced team will offer a tailored solution that meets your charities’ business needs. Together, we can strengthen your institution’s performance and maximize its impact on society.

Our services include:

  • Advisory services;
  • Financial statements audit;
  • Guidance on compliance with applicable rules and regulations; and
  • Handling of IRD tax inquiries.