HUANZE

Taxation and Audit in Hong Kong

──Mar 31 , 2021What about the audit report of the Hong Kong company? (2)

       Last time we said that the audit report of the Hong Kong company has4There are opinions, among which an unqualified opinion and a reserved opinion this2This advice is a good one as it will not increase the tax risk of Hong Kong companies. But the rest2Opinions - No opinions and negative opinions will bring high tax risk and some other risks to the client Hong Kong company. Let's take a look at it in detail:
       Non-opinion audit report: The auditor is unable to express any opinion on the audit of the Hong Kong company due to the lack of data or limited audit scope.
       Negative audit report: A negative audit opinion issued by the auditor as a result of finding that the client has engaged in fraud or other conduct.
       this2Why does this opinion pose a high tax risk to Hong Kong companies?
       Because there is a line of questions on the tax form that the Hong Kong company needs to fill in, the tax bureau will specifically ask whether the audit opinion of the Hong Kong company this year is no opinion or negative opinion? If this is the case2If so, the company will be the focus of the tax bureau. Second, this2The audit report of such opinions will also be rejected by the bank when handling the bill business, and may also be rejected by the issuing party when bidding, which is more likely to affect the listing of the company.
        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.
BACK
PREV

Why should I pay profits tax in advance?

NEXT

What about the audit report of the Hong Kong company?