HUANZE

Overseas company knowledge base

──Nov 22 , 2022What are the criteria for determining Hong Kong companies' overseas profits?

The client is engaged in international trade, and his buyers and sellers are not from Hong Kong. Currently, the client's Hong Kong company has received the tax spot check from the tax bureau, so it needs to do the tax defense. soHong Kong companyWhat are the criteria for foreign profits? 

First customerHong Kong companyIt is not allowed to hire or rent office buildings in Hong Kong. Secondly, suppliers and customers are not allowed to be local enterprises or individuals in Hong Kong. Customers cannot be contacted through resources in Hong Kong. For example: Hong Kong exhibition, Hong Kong telephone, Hong Kong fax, Hong Kong email, etc. The buyer and seller of the client are not from Hong Kong, and the contract cannot be signed in Hong Kong. Including goods cannot be processed locally in Hong Kong. For international trade customers, goods are usually shipped directly from China to all parts of the world or directly from overseas without passing through Hong Kong.

As long as the above conditions are met, the annual standard management of theHong Kong company. If you submit your tax return and audit report on time, you are not subject to Hong Kong profits tax.

What are the criteria for determining Hong Kong companies' overseas profits?

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

How to determine the non-Hong Kong profits of a Hong Kong company?

NEXT

What are the items of departure tax withheld by Hong Kong companies?