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──Nov 30 , 2022How to pay profits tax in advance in Hong Kong?

Many mainland enterprises want to set up companies in Hong Kong, so I have some knowledge about this kind of companyHong Kong companyThe tax system. When setting up a company in Hong Kong, the most relevant taxes are salaries tax and profits tax. Today we introduce profits tax.

If a company is set up in Hong Kong, as long as the profits are related to Hong Kong, it is required to pay profits tax in Hong Kong, and it is based on the net profit in Hong Kong16.5%Pay profits tax.But if the net profit isHKD200Within ten thousand is according to8.25%Pay profits tax,HKD200More than ten thousand is in accordance with16.5%Profits tax is payable, as well as profits tax for the following year.

If there is a loss in the next year, the tax bureau will refund it. If there is a profit, the tax paid in advance will be offset against the tax payable.

It can be seen that although profits tax in Hong Kong and income tax in mainland China is paid in advance of profits, the way of advance payment is quite different. In mainland China, quarterly advance is paid in advance of annual settlement, while in Hong Kong, annual advance is paid in advance of profit.

How to pay profits tax in advance in Hong Kong?

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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