Document background
The Retainer Invoice is a essential document for businesses providing ongoing professional services in Hong Kong. It is typically used when a service provider has agreed to reserve their services for a client for a fixed fee paid at regular intervals. This document must comply with Hong Kong's commercial regulations, including the Contract Ordinance (Cap. 26) and relevant taxation requirements. The Retainer Invoice should clearly state the billing period, services covered, payment terms, and any service limitations. It serves multiple purposes: as a formal payment request, a record of the service agreement, and a document for accounting and tax purposes. The document is particularly important for maintaining clear financial records and ensuring transparency in long-term professional relationships.
