Accounting in Hong Kong company,Hong Kong corporate auditIn the process of tax declaration, what you are most concerned about is whether you need to pay tax this year and whether you need to adjust tax. Today, I would like to share with you the adjustment of profits tax in Hong Kong.

In Hong Kong, the profits tax is based on the principle of taxation of the source of income, which means that the income derived from Hong Kong is subject to the tax. If the income is not derived from Hong Kong, the income is not subject to profits tax in Hong Kong. If the pre-tax profit of the company in the current year is wholly or partly derived from outside Hong Kong, The auditor will then deduct the profits derived outside Hong Kong when calculating profits tax.

According to the Taxation Regulations of Hong Kong, the interest income obtained from bank deposits is exempt from tax. In the accounting of Hong Kong companies, enterprises have more or less received bank interest, so the Hong Kong auditors will also pay tax deduction on the interest income when calculating the profit.

Accounting in Hong Kong company,Hong Kong corporate auditAnd in the tax declaration, if it is more clear what does not need to pay profits tax, you can correspondingly save tax for enterprises.

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