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──Jul 15 , 2021What is the process of filing tax returns in Hong Kong?

The Hong Kong corporate Tax return means that a company must file a tax return to the Hong Kong government every year, regardless of whether it has business or whether it has made a profit. So what is the process of Hong Kong company tax declaration?

First, confirm the business situation with the customer and ask them to fill in the "Hong Kong Company Audit Status Questionnaire".

Second, after signing the power of attorney, our company willBANK CONFIRMATION(bank confirmation letter) to the customer, customer inBANK CONFIRMATION(Bank confirmation) with seal and signature (same as the seal left at the time of account opening) and hand to the opening bank, urging the opening bank to send as soon as possibleBANK CONFIRMATIONFill out the confirmation letter and send it to our accounting firm. (BANK CONFIRMATIONThe purpose of the bank confirmation is to enable the CPA to know the status of the customer's account during the verification. This is required by the Inland Revenue Department of Hong Kong.)

Third, the customer provides all bank statements.INVOICE(invoice), expenditure documents, etc., as well as the details of receivables and payables, and then our company will carry out the procedures of counting, that is, invoices, expenditure documents, bank statements, etc., to prepare cash flow statements;

Fourth, according to the cash flow statement, invoices and expenditure documents, prepare the balance sheet and balance of payments;

Fifth, after the client signs and confirms the cash flow statement, balance sheet and balance of payments, the audit (known as audit in China) is carried out. The work must be completed by certified public accountants in Hong Kong with the certified public accountant license;

Sixth, send the electronic version of the auditor's report to the customer for confirmation, and send the original and tax form to the customer for signature;

Vii. Our company will submit the auditor's report and tax form signed by the customer to the Hong Kong Tax Bureau, and send the return receipt to the customer.

What is the process of filing tax returns 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.

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