During the audit of a Hong Kong company, if the company has taxable income adjusted for tax payment, the auditor will calculate the profits tax tax based on the applicable tax rate.
doHong Kong corporate audit, if the Hong Kong company has taxable income adjusted for tax, the auditor will calculate the profits tax tax based on the applicable rate of profits tax. With regard to profits tax, the Hong Kong Government will determine the reduction and exemption of profits tax for the next year based on the fiscal revenue and expenditure of the previous year21/22For the year of assessment, the profits tax exemption is110,000 Hong Kong dollars.
As for this tax deduction, the auditor will directly deduct the deduction when calculating the tax of the current year. It does not need to provide any information to enjoy this tax preference. For example, Hong Kong company21/22The adjusted taxable income for the year of assessment is100Ten thousand Hong Kong dollars, tax payable is100*8.25%=8.25Ten thousand, because of1If the tax deduction is 10,000, the actual tax paid is8.25-1=7.25Ten thousand.
Some customers have a misunderstanding. Since there are tax deductions when calculating the tax of that year, can they also be directly reduced when calculating the pre-tax? General auditors will not include tax relief in the calculation of advance tax, because this tax relief is not determined by the policy support, so there is generally no tax relief for advance tax.
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