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──Feb 07 , 2022Does Hong Kong company need to prepare in advance for accounting audit tax declaration?

Hong Kong company to do the account and the mainland tax declaration is not the same, the mainland company business income tax is generally quarterly forecast next year1to5Monthly settlement, andHong Kong company tax returnFile once a year and make annual profits tax payment and advance payment.

The Hong Kong company first needs to choose the company's closing date. If the company chooses the natural year (1month1Day to year12month31The profits tax deadline is the following year at the latest8month15If selecting the Hong Kong financial Year (4month1Day to year3month31The latest is the current year11month15After only once a year to declare taxes.Hong Kong company tax returnHow do you prepare?

Although the Hong Kong government requires annual tax returns, some agencies will tell their clients to prepare the information at the end of the year, but becauseEvery yearHong Kong company tax returnIn the past, Hong Kong auditors need to issue a formal audit report. Therefore, Hong Kong companies generally cannot wait until the end of the year to start handling accounting. Generally, accounting data should be prepared at the same time when there is business to avoid forgetting at the end of the year.

The Hong Kong company shall classify and sort the bills when the business occurs: classify, sort and place the sales invoices, cost invoices and expense invoices in chronological order. In addition, the bills of Hong Kong companies are not the special invoices required by the mainland, and the Hong Kong government recognizes the invoices signed by all companies(homemade), receipt and note. If there are a large number of bills, number them in pencil in the upper right corner and match them with the relevant bank statement, and note that all documents provided match the date of the accounting period. This advance preparation is conducive to the Hong Kong company to do accounting audit tax.

Does Hong Kong company need to prepare in advance for accounting audit tax declaration?

CycloseFocusing on providing company 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 large state-owned enterprises and listed enterprises.

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