HUANZE

Overseas company knowledge base

──Feb 28 , 2022How to determine whether a Hong Kong company occupies Hong Kong resources?

With the development of world trade, many enterprises choose to register their companies in Hong Kong.Registered Hong Kong companyThen there is the issue of auditing and paying taxes.

The profits tax in Hong Kong is levied based on the principle of territoriality, that is, profits generated by Hong Kong companies need to pay profits tax in Hong Kong only if they are related to Hong Kong, that is, if they occupy resources in Hong Kong.
Whether to occupy Hong Kong's resources involves many aspects. Such as:

1 Whether the directors of the Hong Kong company are Hong Kong nationals;

2 Whether the source of the customer is obtained at the same time in Hong Kong exhibition or other means;

3 Whether the business process contract signed with the customer or supplier is in Hong Kong;

4, whether the goods are traded through the port of Hong Kong;

5, whether there are rental office buildings in Hong Kong;

6Whether the Hong Kong company has hired Hong Kong workers.

The above points are all ways to judge whether to occupy Hong Kong resources. Hong Kong companies should take good care of all business processes in the course of business operation, so that they can reply reasonably when asked by the tax bureau in future years.

How to determine whether a Hong Kong company occupies Hong Kong resources?

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

Hong Kong company after the bank account cancellation audit can still do bank confirmation?

NEXT

What is the SCR commonly known as in Hong Kong company registration?