We recently had a client enquire about theirHong Kong companyAfter the establishment, commission needs to be paid for the following business. In order to standardize the financial accounting process, what materials should be prepared to know the commission paid by the Hong Kong company?

Hong Kong companyPaying commission is a normal business, in the bookkeeping need to prepare the corresponding data. If the company that pays the commission is a long-term cooperative company, it does not need to provide a commission contract every time the commission is paid. Instead, it can provide a long-term commission contract, which describes the service items and the commission calculation method. When paying each commission, only one commission invoice needs to be issued by the other party to enter the account. It is better that the calculation method of commission can be reflected on the invoice, so that the origin and corresponding value of commission can be clearly known. If the commission is paid to an individual, the commission contract and the receipt issued by the other party are also required, as well as the certificate (ID card and passport number) of the commission recipient. It is difficult for an individual to issue an invoice, but the receipt is also acceptable.

Prepare the above information, can better specificationHong Kong companyTo reduce tax risks.

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