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──Nov 16 , 2021Do Hong Kong companies need to make offshore claims every year?

Offshore claims do not need to be made every year, offshore claims (also known as profits tax exemptions) areHong Kong companyOperating profit derived outside Hong Kong is eligible for offshore occurrence and is not subject to Hong Kong profits tax under Hong Kong tax law. However, the government may raise questions about offshore profits in future years, at this timeHong Kong company Answer the government's questions.

The IRS doesn't require it every yearHong Kong companyTo reply to and provide relevant information on the profits tax exemption for the current year, but Hong Kong companies with offshore operations may3-5The annual meeting received a letter from the tax office, asking the company to comply with the letter20The process of replying to multiple questions and providing relevant information in order to prove to the Inland Revenue Department that the year actually meets the conditions for offshore occurrence is called offshore claim.

Once an offshore claim has been successfully answered, there is little chance that the Inland Revenue Department will send a letter requesting a reply and information in subsequent years.

Do Hong Kong companies need to make offshore claims every year?

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