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──Jan 03 , 2021Summary of Common Problems Encountered in Corporate Auditing in Hong Kong (Part 2)

We are inSummary of Common Problems Encountered in Corporate Auditing in Hong Kong (Part 1)In the list of a part of the questions and made the answer, do not know whether to help you? Then the next Ring Ze Xiaobian continue to supplement and share with you some of the difficult questions in the audit of Hong Kong companies.

5Can the closing date of Hong Kong company be adjusted to be consistent with the domestic fiscal year, so as to facilitate the parent company to make consolidated statements? In this regard, Ring Ze will target Hong Kong companies with irregular closing dates (such as some closing dates again10month10Day, no12month31Day or3month31Day), we will help customers adjust to the normal settlement date according to the situation, and give a reasonable explanation to the tax bureau.

6The accumulated losses of the company for many years, this year's profit, whether it can be made up before tax, whether there is a time limit requirement. Lack of clarity can lead to higher corporate taxes. Huanze has its own tax accountant firm, with a professional tax accountant team to answer your questions.

7The annual salary of the director of the company is higher, whether to pay personal income tax in Hong Kong. If not understood, may lead to an increase in personal tax burden.

8, whether to merge the financial statements of the Hong Kong subsidiary, what are the specific requirements? Lack of clarity on these will result in reporting that does not comply with Hong Kong tax laws and may result in fines. Mr Ring is well versed in Hong Kong accounting standards and will give reasonable advice.

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Summary of Common Problems Encountered in Corporate Auditing in Hong Kong (Part 1)