Accounting and tax services cover financial statement preparation, tax planning, annual audits, and compliance filing. Multinational businesses face complex accounting standards, varying tax rates, and differing filing deadlines across markets. Non-compliant filing or bookkeeping errors can result in penalties, interest charges, and back taxes. Corporate tax rates vary significantly (Hong Kong 16.5%, Singapore 17%, China 25%). Galaxy leverages a local tax specialist network to ensure financial accuracy, tax optimisation, and zero compliance risk.
Daily bookkeeping, voucher review, and consolidated statement preparation under local accounting standards (GAAP, IFRS, or local rules). Ensures financial data is accurate, complete, and disclosure-compliant.
Timely filing for corporate income tax, VAT, personal income tax, stamp duty, and more. Tax optimisation aligned with your corporate structure to reduce the effective tax rate and ensure zero penalties.
Annual external audits, internal control assessments, and special reviews (financing, M&A, compliance investigations). Independent, credible financial opinions to support decision-making and fundraising.
Transfer pricing compliance, anti-money laundering (AML) reviews, related-party transaction disclosure, and tax audit defence. Proactively identifying risks and building safeguards to protect corporate reputation and interests.
Corporate tax rates across Asia-Pacific vary significantly: Hong Kong 16.5% (net profit basis), Singapore 17%, China 25%, Japan 23.2%. Meanwhile, transfer pricing scrutiny for multinationals is tightening. A well-structured corporate architecture and sound tax planning can legally reduce the tax burden by 10–20%, but must comply with BEPS, CRS and other international rules, or face severe penalties and reputational damage.
Understanding your corporate structure, business model, financial scale, and target markets. Assessing applicable accounting standards, tax risks, and compliance needs to build a customised financial management plan.
Collecting financial documents (invoices, receipts, contracts), processing bookkeeping entries, classification, and review. Monthly management accounts issued to monitor costs, profit, and cash flow.
Preparing quarterly VAT and income tax filings. Analysing tax trends and recommending lawful optimisation strategies (e.g. R&D deductions, loss carry-forwards, incentive applications).
Preparing annual financial statements (balance sheet, income statement, cash flow statement, notes), conducting external audits, and submitting regulatory filings to pass annual review.
Year-round monitoring of regulatory changes and their impact on your business. Proactive preparation for tax audits and AML checks to protect corporate interests.
For startups and SMEs, outsourcing is typically more cost-effective (monthly fees, no fixed staff costs). However, larger enterprises (100+ employees) with high complexity may benefit from in-house departments. The decision depends on company size, growth rate, and international complexity.
Transfer pricing must follow the "arm's length principle" — pricing must match comparable unrelated transactions. Galaxy conducts transfer pricing studies, prepares compliance documentation (such as functional analysis and comparability analysis), and helps you pass tax audits.
Galaxy assists with audit preparation, communicates with tax authorities, and resolves disputes. Complete documentation and strong internal controls are your best defence. If risks are identified, we help you file back taxes and apply for penalty relief.
Yes. Cross-border e-commerce involves income classification, VAT, and import-export duties. Different platforms (Amazon, Shopee, Lazada) have different rules. You need platform-specific professional guidance to avoid tax risks.
Restructuring involves significant tax impacts (income recognition, asset transfer tax, VAT). Galaxy plans your corporate architecture ahead to secure tax incentives (such as restructuring tax exemptions, asset write-downs), potentially reducing transaction costs by 10–30%.
Galaxy uses enterprise-grade encryption, access controls, and regular audits to protect your financial data. We strictly comply with GDPR and local data protection laws. All client data is stored in isolated systems.