Hong Kong Company Tax Rate

According to the Inland Revenue Department ("IRD"), the profit tax rate for the year of assessment 06/07 is 17.5% for corporations and 16% for unincorporated businesses.
If your company is a limited company, you have to employ an auditor and prepare the financial statments and all transaction records for audit and get an accountant's report for the financial year-end, and submit to IRD together with the tax return.
Generally, you will receive the tax return from IRD for each year of assessment, for the first time taxpayer, if you have not yet received a Return Form within 4 months after the end of the basis period for the year of assessment concerned, please write or fax to IRD for a Tax Return.


圖片參考：http://hk.yimg.com/i/icon/16/3.gif

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Limited company:

$300,000 turnover is a very small amount. I think your net profit would be very small too. Whatever profit amount that would be, the standard profit tax rate is 17.5%. You should receive the profit return from IRD. You should prepare all the accounting document and accounts for auditor to audit and send the audited report and profit tax computation to IRO with the profit tax return every year.