In addition to the profits tax return for the first time, the tax bureau will issue a tax return at the discretion of the company. Sometimes the annual audit report has been submitted to the tax bureau, the current year's tax return may not be issued. At this time, if you do not fill in the tax return on time and submit it to the tax bureau, the tax bureau may also estimate the profits tax in addition to the penalty. Generally, the profit tax estimate is based on the previous year's profits tax, but it is very inaccurate and may be much more than the actual payment.
In this case, the first thing is to fill in the tax return and submit it to the tax bureau as soon as possible. The second thing is to write a written explanation to explain how much tax should be assessed in this year, and then attach the submitted audit report and tax return as evidence. Upon receipt of the statement, the tax will be assessed again, this time on the basis of actual profits. After assessment, a tax notice will be issued. You can pay tax according to the tax notice.
CycloseFocusing on providing company 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 large state-owned enterprises and listed enterprises.
How can a Hong Kong company pay profits tax by telegraphic transfer
How to reinstate a Hong Kong company after its cancellation