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──Aug 05 , 2022Hong Kong company before tax declaration need to understand the nature of the company's business!

Hong Kong companyAccording to the operation of the company, the way of tax declaration is usually divided into two kinds: one is the business inactive tax declaration(In China, it is called zero declaration)If there is no need to audit accounts, fill in the direct tax form0In this way, the enterprise must meet the following requirements:1)The Company does not carry on any business;2)There is no record of any transactions in the company's bank accounts;3)The Company has not purchased any property assets in Hong Kong;4The Hong Kong company does not employ staff in Hong Kong;5) If a Hong Kong company does not physically operate in Hong Kong and does not occupy any resources in Hong Kong, zero declaration can be processed.

The other is called an active auditor's report(It is called audit report in China), by Hong Kong accountants in accordance with the Hong Kong Accounting Standards andHong Kong companyAn auditor's report based on the financial statements of the Hong Kong company, as required by the tax code. If the profits of a Hong Kong company do not come from Hong Kong, it can be explained in the auditor's report that the Hong Kong company is an offshore business, and the tax bureau will examine relevant materials and prove that the Hong Kong company is qualified for offshore business, then there is no need to pay profits tax.

Hong Kong company before tax declaration need to understand the nature of the company's business!

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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