Hong Kongs tax system in Hong Kong, simple and clear, and has international tax rate and tax in developed regions is lowest, at least.
Port system is divided into:
Profits tax,
Salaries tax,
Property tax,
1 company profit rate is 17.5%. (April 1 2008-2009 March 31, company profit rate is 16.5 percent),
2 a business company in Hong Kong, need to make nuclear via Hong Kong auditor audit financial statements rear can submit tax bureau. If you have any business or engage in Hong Kong, the Hong Kong government is not to pay any taxes, can do a business not active auditors report
Hong Kong tax regulations in common problems
1. Just established company, when need to declare?
Answer: each Co., LTD was established after about eighteen months later, will receive a revenue of Hong Kong profits tax deduction purposes. Unless otherwise agreed, get tax deferred tax form received after three months will declare dutiable goods. If not specified in the period before the full list of goods submitted, illegal, and would be punished. The newly established company financial statements can choose eighteen months later, the fiscal year per 12 months of fiscal year, and choose the date not more than 18 months. The number of annual general legal buried for March 31, seldom choose in December 31 (general investment company in Hong Kong for the use of fiscal and domestic choose more connected by December 31 is buried several benchmark date).
2 how to declare?
Answer: the accounting required Co., LTD, a professional accountant via approval, along with the audit report and profit tax return submitted together, to put forward the NSFC overseas overseas gains application, shall also be submitted to the application in overseas auditor report reflected together.
3 when pay taxes?
Answer: when the income tax, tax on submitted to pay taxes for the ruling director, will issue a notice of tax in accordance with the designated date, the company should pay tax.
4 overdue tax, what is the penalty?
Answer: as the deadline for failed to pay tax, tax 5% for preliminary surcharge, After the deadline for six months overdue, reach still 10% surcharge (including preliminary surcharge 5%), Maximum penalty, Hong Kong from the district court on revenue of civil charges.
5 whether all companies must pay taxes?
Answer: Co., LTD not necessarily tax, but need to declare dutiable goods, every year before deciding whether or not to pay taxes.
6 what circumstance will be tax?
Answer: when Co., LTD in operating profits, which produce profit by Hong Kong territory, it needs to pay taxes.
7 no scheduled submission, there will be any tax form punishment?
Answer: since the opening of the first late auditor reporting: (1) HKD1200 fine, (2) the first penalty within 14 days with, will receive a summons and increase HKD3000 fine, (3) received subpoenas without treatment, the administrative responsibility will have been accumulated, until you abide by the laws of Hong Kong. |
