In order to cultivate talents, the company will provide employees with many learning opportunities and bear all or part of the learning expenses when auditing the accounts of the Hong Kong company and filing the tax declaration of the Hong Kong company. What will be the expenses of the Hong Kong company's accounts?
inHong Kong company accounting audit andHong Kong company tax returnwhenIn order to cultivate talents, the company will provide employees with a lot of learning opportunities, and will bear all or part of the learning expenses. How will these expenses be included in the company's accounts in Hong Kong? Does it need to be incorporated into employee income for salaries tax purposes?
If the company bears the tuition fees of the employees and directors, then the company will deduct this part of the expenses as the employee welfare expenses. It needs to prepare relevant company documents, bank transfer vouchers, original invoices of the employees and directors' training and other materials to grant such benefits to the employees and directors. Income of this nature granted to employees and directors does not need to be incorporated into the personal income of employees and directors for salaries tax purposes.
inHong Kong company accounting audit andHong Kong company tax returnThe welfare expenses incurred are deducted according to the facts in the calculation of profits tax without tax adjustment, as long as the welfare expenses meet the standards of the company and actually occur, unlike the mainland welfare expenses have deduction limits, which are based on the actual wages and salaries14%As the standard deduction, the excess part shall not be deducted and the tax shall be increased.
So the Hong Kong company does the accounting audit andHong Kong company tax returnThis kind of fee is relatively relaxed.
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