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Taxation and Audit in Hong Kong

──Jul 20 , 2022Do Hong Kong companies need to plead for profits tax exemption if their profits are not derived from Hong Kong?

       Many people know the profits of Hong Kong companiesifIf you don't come from Hong Kong, you don't need to pay profits tax in Hong Kong. However, what many people don't know is that if a Hong Kong company does not pay profits tax on this profit, you need to answer the defense of profits tax exemption of Hong Kong company. This defense is not required every year during the audit, but the Hong Kong Tax Bureau will conduct a spot check. You need to plead Hong Kong profits tax exemption.

       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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How to declare profits tax in Hong Kong?