inHong Kong companyaudit ,The company often has related expenses when making accounts and tax declaration. For these expenses, how do the auditors and the tax bureau of Hong Kong inquire about these expenses respectively?

Take the company travel expenses as an example. If the company incurred large travel expenses in the current year, the Hong Kong auditor inHong Kong corporate auditFor example, whether the reimbursement of travel expenses is an employee of the company, whether there are travel expenses invoices (such as: transportation, accommodation, food and beverage invoices), Hong Kong is not tax control by ticket, formal invoices, small receipts are OK. If these are complete, then the auditor considers them reasonable.

However, the tax bureau is more detailed and specific than the auditor. The tax bureau will first ask the auditor to provide a complete business trip list, which should show when, who, from where to where, what specific projects were discussed, what business objectives were achieved and provide the corresponding original documents. The tax office needs to know in this way whether the company travel expenses have a reasonable business purpose.

Therefore, the company has large travel expenses, it is best to clear up in advance according to the requirements of this, to avoid afterwardsinHong Kong corporate auditwhenAdd trouble and difficulty in sorting out matters that have happened for too long. This can better respond to the tax bureau inquiry, reduce tax risks.

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