With the development of economy and the progress of The Times, many mainland companies choose to register in Hong Kong in order to expand the scale of their own enterprises, carry out import and export trade, or to hold subsidiaries, or to expand their brand awareness. Companies incorporated in Hong Kong, however, face the problem of annual tax audits required by the Hong Kong government. In the process of auditing tax returns will be involved in one of these, such as travel expenses. A few things to note about travel expenses:

First: to provide travel expenses reimbursement;

Second: provide the original documents of travel expenses, such as air tickets, high-speed train tickets, etc.;

Third: the personnel on business trip should be employees of the Hong Kong company, so it should be reflected in the payroll;

Fourth, there should be records of travel expenses, which can be transferred from the Hong Kong company to the employees, or the personal accounts of the directors and financial personnel of the Hong Kong company can be transferred to these employees. If the amount is small, cash payments will work.

Under normal circumstances, after the registration of a Hong Kong company, travel expenses will be incurred in normal operation, so it is suggested that a Hong Kong company should keep the relevant bills of travel expenses in the process of operation. At the same time, travel expenses can also be offset part of the cost, reduce a part of profits tax expenses. Reduce business costs

CycloseThe company is committed to providing domestic and foreign customers with corporate audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.