HUANZE

Overseas company knowledge base

──Jan 12 , 2022The criteria for determining tax resident enterprises in Hong Kong

 According to our company's experience, we need to establish Hong Kong tax resident enterprises in order to meet the standards for the identification of Hong Kong tax resident enterprises. The suggestions are as follows:

1, leasing office in Hong Kong, which is also the registered address of the company in Hong Kong; 

2, Hong Kong directors should be resident in Hong Kong or hold a Hong Kong identity card.

3, employees in Hong Kong, salary, benefits and position must match, have a physical office in Hong Kong;

4Daily management of the company in Hong Kong, including attendance system, personnel appointment, daily company data preservation(Finance, company seal, etc.);

5The senior management of the company in Hong Kong shall work in Hong Kong and hold major decision-making meetings, and relevant detailed meeting minutes shall be required. The contents of the meeting shall include formulating core business strategies, making strategic decisions, financing decisions, performance evaluation, etc.

6The company has fixed assets in Hong Kong and pays profits tax.

Application Process: Submit the application form to the Tax Treaties Section of the Inland Revenue Department:IR1313B (03/2018)Relevant tax resident certification documents;

Processing Time: The application is normally required30About a working day. If the Hong Kong Inland Revenue Department is unable to determine your resident status on the basis of the information obtained, you will be required to provide further information.

The criteria for determining tax resident enterprises in Hong Kong

CycloseThe company is committed to providing domestic and foreign customers with corporate audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.

BACK
PREV

What is the transfer process of a Hong Kong company to a director?

NEXT

Will Hong Kong company audit tax return not on time have penalty?