Many customers have been receiving them recentlyHong Kong companyProfit tax advance tax notice, but the specific calculation of advance tax is not very clear. Advance tax is to pay the tax of the next year to the tax bureau in advance. The basis of advance tax is calculated and paid on the basis of the profit of the current year.

For exampleHong Kong company2020/2021The taxable income for the year of assessment after tax adjustment is100Ten thousand Hong Kong dollars, then the profits tax was100*8.25%=8.25Ten thousand Hong Kong dollars, then you have to pay that100On the basis of HK $10,0002021/2022The tax advance for the year of assessment is100*8.25%=8.2510,000 Hong Kong dollars. So in2020/2021For the year of assessment, the total tax and tax prepaid is2*8.25=16.5Ten thousand Hong Kong dollars tax.

ifHong Kong companyThe previous uncovered loss was200Ten thousand Hong Kong dollars,2020/2021The taxable income for the year of assessment after tax adjustment is100Ten thousand Hong Kong dollars, at this time100All gains can be made up from losses.2021/2022In the year of assessment, there is no tax or tax advance because the loss can be made up.

In the case of previous losses that can be covered, the profit of the current year is half of the uncovered losses, then there is no current tax and tax advance.

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.