Audit of cross-border e-commerce enterprises in Hong Kong
Cross-border e-commerce has been a hot industry in recent years. Many customers sell their products all over the world through the platform. However, sometimes foreign exchange payment is a difficult problem for the friends of sellers, so they need to help their business development through offshore accounts, among which the registration of Hong Kong companies is the choice of many friends of sellers. However, after the establishment of a Hong Kong company, the follow-up management issues such as audit will be different from those of other industries. Then, let's take a look at the trading companies of cross-border e-commerce platforms. What should we pay attention to when handling the audit of a Hong Kong company?
Points to Note in the audit of cross-border e-commerce in Hong Kong
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First:Cross-border e-commerce companies need to pay attention to the difference between the account letter and ordinary companiesBecause of the transnational e-commerce platform, the company needs the bank and the third-party platform to receive and pay together. In the audit process, the company needs to confirm the bank account as other companies do, but also need to confirm the third-party payment platform used, otherwise there will be reservations.
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Second:Cross-border e-commerce platform trading companies need to pay attention to inventoryBecause many cross-border e-commerce platform trading companies use third-party e-commerce platforms to sell goods, the inventory amount of such Hong Kong companies is relatively large, and the warehouses for storing goods will be very scattered depending on the country of sale. Therefore, in the audit of cross-border e-commerce companies in Hong Kong, it is necessary to negotiate with the warehouse side, so that the warehouse side can accept the auditor's confirmation of the goods in stock. After receiving the confirmation result, the auditor can continue the audit, but if the confirmation cannot be obtained, the auditor will issue an audit report with reserved opinions.
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Third, the audit of trading companies on cross-border e-commerce platforms needs to pay attention to the matching of purchases and sales and the accuracy of goods in stockMost of these cross-border e-commerce platform trading companies directly face individual sellers through third-party e-commerce platforms, which results in a wide range of goods sold. According to the audit requirements, the income confirmed by this kind of company in this year should have the corresponding cost carried forward from the warehouse. At the same time, after recording the inventory transferred out of the carry-over cost and the inventory transferred into the purchase, the inventory on the book also needs to be consistent with the actual inventory in the warehouse.
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Fourth: cross-border e-commerce platform trading company audit needs to pay attention to large costsMost sales of such cross-border e-commerce platform trading companies are sold through third-party e-commerce platforms, so the monthly sales list can prove the authenticity. Therefore, the auditor will focus on the expenses incurred by the company, especially the sensitive expenses such as advertising promotion and commission, because these cross-border e-commerce platform trading companies will incur a large amount of such expenses. Auditors review the authenticity and reasonableness of such fees.
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Fifth: cross-border e-commerce platform trading companies should pay attention to distinguish between onshore and offshore tradeCross-border e-commerce platform trading companies are quite different from general international trading companies in terms of trade objects and processes. Traditional international trading companies generally trade with companies, with relatively few transactions, large amounts and fixed customers. However, cross-border e-commerce platform trading companies generally trade with individuals, with a large number of transactions, a small amount, a large number of customers and a wide range.
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Sixth: Specific points that cross-border e-commerce platform trading companies need to pay attention to1.The platform on which the goods are sold has nothing to do with Hong Kong. 2.The purchaser and the intermediary involved in the purchase need to be independent of Hong Kong.3.The goods were transported without passing through Hong Kong. 4.The sales platform or sales mailing address needs to be differentiated between Hong Kong and non-Hong Kong.
Cross-border e-commerce platform trading companies that do the above points will have a higher chance of success in the face of the defense of non-taxation of offshore profits by Hong Kong Taxation Bureau. ring As a Hong Kong audit service, we will remind
our clients in advanceDo inventory and verification preparation work.
To sum up, there are still a lot of knowledge and details worth further investigation in the aspect of corporate auditing in Hong Kong. Different industries have different doorways. Only by clearly mastering and applying relevant policies can the company
reasonably reduce tax costs and avoid tax risks.
HUANZE focus on Hong Kong company audit accounting tax 17 years
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I have experience in auditing Hong Kong companies in various industries, and have served many private enterprises, listed companies, multinational groups and state-owned enterprises. I can tailor service solutions for overseas companies based on industry customers' conditions, so as to avoid overseas risks and gain more corporate interests.
