2020At the end of the year, many companies in mainland China have started the final settlement of corporate income tax. In the process of the final settlement, it will be found that many corporate expenses need to be adjusted for tax, such as common welfare expenses.

According to the mainland area tax policy, more than wages and salaries14%The welfare expenses are subject to tax deduction in wages and salaries14%The welfare expenses within can be withheld in full.

I have learned about the tax policy of welfare in mainland China. How to deduct welfare in Hong Kong?

In fact, in Hong Kong, there are a lot of tax incentives for welfare, because Hong Kong pays corporate profits tax according to the actual amount of enterprise profits. However, during the audit in Hong Kong, I should prepare some relevant information and current statement about the payment of welfare fees. In case the tax bureau asks the Hong Kong company about the expenditure of welfare fees several years later, I can present relevant vouchers. If not, the Hong Kong Tax Bureau may think that we are suspected of tax evasion.

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