Accounting in Hong Kong company,Hong Kong corporate auditHong Kong company at the time of filing tax returns each year in Hong Kong fiscal year4month1A large number of Hong Kong companies will receive the "Employer's Salary and pension Tax Form" issued by Hong Kong Taxation Bureau. At this time, Hong Kong companies need to truthfully fill in the salary paid to their employees in the current year, and submit the tax, so as to fulfill the obligation of Hong Kong companies to truthfully report to the tax bureau. Whether the tax is levied or not is a tax collection relationship between Hong Kong Taxation Bureau and taxpayers.

Many employees employed by Hong Kong companies are mainland employees. When receiving the compensation from Hong Kong companies, mainland employees will worry about whether the compensation should be taxed in the mainland. First of all, mainland people are tax residents in the mainland. According to the individual income tax law of the mainland, tax residents shall pay individual income tax on their income from both domestic and overseas sources (that is, we often say that all global income shall be taxed). Hong Kong and the mainland implement one tax, two systems, so Hong Kong in tax, or called overseas.

In order to avoid international double taxation (Hong Kong and the mainland implement one tax, two systems), if you pay taxes in Hong Kong, you can calculate the "tax credit limit" for tax credit after returning to the mainland.

Therefore, mainland personnel receiving wages in Hong Kong are subject to the mainland's individual income tax liability.

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