HongKong
- Accounting
- First
- Process
In Hong Kong, companies that do not have operations can directly file zero tax returns. Companies that do have operations must do accounting and auditing before they can file tax returns.
As long as you conduct business transactions or activities in the name of the company, you have already started business. It can be judged from the following aspects, and those that meet one of them are business operations:
1. The bank account has left business records;
2. Government customs and logistics companies have left import and export records;
3. Purchase and sale relationship with Hong Kong merchants;
4. Employees have been employed in Hong Kong;
5. to allow or authorize the use of patents, trademark designs and other information in Hongkong;
6. To allow or authorize the use of movable property in Hong Kong for the collection of rents, rental fees, etc;
7. Commissioned for sale in Hong Kong;
8. Other profits derived from or generated in Hong Kong.
After the establishment of the company, the first audit tax return will be started in the 18th month
Time of first tax declaration
The Hong Kong company will receive the first profits tax return after 18 months of establishment, with a tax return period of 3 months.
Second and later tax declaration time
On the first tax declaration, the certified public accountant will confirm the accounting year for you, and all subsequent tax declaration periods will be declared according to the first confirmed accounting year.
Does it have any effect on the establishment of a company in Hong Kong?
Hong Kong companies receive tax returns do not return serious consequences!
1. the Hongkong Corporation Tax Ordinance clearly stipulates that all tax returns received must be declared
2. Non declaration of tax will directly lead to the freezing of bank accounts in Hong Kong
3. The company will be forced to cancel, and the directors will be listed in the entry-exit blacklist
Including financial accounting, tax declaration and statement issuance. Hongfu'an chooses experienced accountants to provide services for customers
1. Understand the company
2. Formulate tax declaration plan
3. Signing cooperation agreement
4. Audit by accountant
Report to Tax Bureau
- Vision
- Detailed
- Guarantee
1. CRS global tax swap
▲ automatic exchange of overseas account information
Income from overseas accounts is registered
Income will be taxed if it is not declared
2. Zero declaration hazard
▲ bank account will be frozen
▲ hkird will be fined
Issue court summons
3. Bank spot check form
▲ fill in the investigation form in time
▲ actively contact the bank for communication
Improve tax timely backup
4. Certified public accountant's letter
▲ verification of basic information of the company
▲ bank acceptance verification backup
▲ as required by the bank