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──Mar 18 , 2021Does a Hong Kong company need to declare tax after registration?

Hong Kong company tax is generally divided into two kinds, operating and not operating, Hong Kong company to apply for registration, the operation of the general will do the audit report to submit to the tax bureau to do tax. No business is likely to zero declaration, but it is best to do audit report tax declaration, if the enterprise has public bidding, equity financing, bank lending business process requirements, audit report opinion risk audit report is likely to be accepted by financial institutions, finally must again produce a compliance management of the audit report of the Hong Kong company.

According to the tax regulations of Hong Kong, a company in Hong Kong must declare tax to the Hong Kong Tax Bureau after applying for registration. And the tax bureau will also issue the profits tax return to the customer, let the customer fill in the application for corporate profits tax. Many customers in the case of operating Hong Kong companies have such a wrong idea, feel that their Hong Kong company does not operate or loss does not need to pay tax, or their business process is offshore account, offshore account personal income does not need to pay tax, do not do tax declaration. Actually that idea is not correct, a Hong Kong company has no business need to do tax.

So we apply for the registration of the Hong Kong company has not declared what harm? First, failure to file profits tax returns within the required time will result in a heavy penalty. Second, the penalty after the delay in paying penalties and submitting tax returns will be sued to the court. Third, the Hong Kong company that does not respond to the lawsuit will be forced to close its account, and the company's shareholders and executive directors will be listed in the credit blacklist of the Hong Kong Special Administrative Region Government. Therefore, Hong Kong company registration after the tax matters must pay attention to.

Does a Hong Kong company need to declare tax after registration?

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.

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