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Taxation and Audit in Hong Kong

──Jun 10 , 2021Why should I pay profits tax in advance?

       Recently, some customers have consulted, why did they pay10The profit tax of HK $10,000 is required to be paid in advance10WTax, why is that?
       Because the profits tax system in Hong Kong is annual advance payment, the Hong Kong Inland Revenue Department will estimate the tax of next year based on your profits of this year. Such as current year earnings100WIn Hong Kong dollars, the Revenue Bureau would still expect to make a profit next year100Hk $10,000, and the profits tax should be paid in advance according to this profit.

       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.

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