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Taxation and Audit in Hong Kong

──Jul 19 , 2021Is the cost of setting up a Hong Kong company tax deductible?

     Customers often ask, can my Hong Kong company's start-up expenses be tax deductible? This is not possible, because the start-up expense is incurred before the establishment of the company in Hong Kong, so the company's profit cannot be deducted, and it will be adjusted when calculating the profits tax.

       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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