Hong Kong companyWhether the operating loss of the current year can be offset against the profits of the following years is generally reflected in the audit report of the Hong Kong company, and the standard for the Hong Kong auditor to judge whether the operating loss of the current year can be offset against the profits of the following years is whether the Hong Kong company operates normally in the current year. If the operating loss of the company is caused by normal operation, it can be made up by the profits in the future and there is no time limit, but the loss caused by abnormal business activities can not be made up. What is loss arising from normal business activities?

The Hong Kong auditor's determination was based onHong Kong companyWhether there is normal income and cost of main business in the current year? If there is income and cost of main business in the current year, it belongs to normal operation. The operating loss of Hong Kong Company in the current year can be made up by the profits of the following years. On the contrary, if the company has no main business income in the current year, then the company's losses in the current year can not be made up with taxable income in subsequent years.

In addition to normal business,Hong Kong companyNot offshore losses or investment losses. In Hong Kong, profits from offshore business and investment are not subject to profit tax, so losses naturally cannot be deducted from profits subject to profit tax. This is the principle of consistent taxation.

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