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Crazy Accountancy Rule

4 years ago
Dear all, last month I was informed that there is a new accountancy rule for Hong Kong based offshore companies. According to this rule, the previously simple bookkeeping is not valid anymore and now a more detailed bookkeeping is requested. The crazy thing is, that this rule applies BACKDATED to the year of establishment of the company which could be a decade or more. The latter results in horrendous accountancy costs, of course. Anybody here facing the same situation? How to avoid or at least reduce these crazy accountancy costs?

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