Accounting in Hong Kong company,Hong Kong corporate auditHong Kong company at the time of filing tax returns each year in Hong Kong fiscal year4month1A large number of Hong Kong companies will receive the "Employer's Salary and pension Tax Form" issued by Hong Kong Taxation Bureau. At this time, Hong Kong companies need to truthfully fill in the salary paid to their employees in the current year, and submit the tax, so as to fulfill the obligation of Hong Kong companies to truthfully report to the tax bureau. Whether the tax is levied or not is a tax collection relationship between Hong Kong Taxation Bureau and taxpayers.

Many Hong Kong companies employ mainland employees. If they pay taxes in Hong Kong, do they still need to pay taxes in the mainland?

If you have paid the tax in Hong Kong, you can submit the tax payment voucher in Hong Kong to your own competent tax authority at the time of annual final settlement of individual income tax after returning to the mainland to calculate the tax credit limit. If the tax paid in Hong Kong is lower than the tax credit limit, you need to make up the difference to the tax authority. If the tax paid in Hong Kong is greater than the tax credit limit, the tax authority will not refund the overpaid tax in the current year. But it can be used for later deductions.

Therefore, if you pay tax in Hong Kong, in order to avoid being taxed twice, you should remember to apply for tax credit to the competent tax authorities in mainland China.

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