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Do Hong Kong companies need to pay attention to onshore and offshore business?

Released Date: May 03,2022 Article Source: HUANZE

Many Hong Kong companies are engaged in offshore trade5-7After the time limit of the year, there may be an offshore claim issue. It means that the Inland Revenue Department sends a letter asking about a trade situation, staffing, organizational structure and so on of a Hong Kong company in a certain year.

A lotHong Kong companyIn the offshore trade business. In business5-7After the time limit of the year, there may be an offshore claim issue. It means that the Inland Revenue Department sends a letter asking about a trade situation, staffing, organizational structure and so on of a Hong Kong company in a certain year.

It's about trade, offshore tradeHong Kong companyYou need to clearly answer questions about what is onshore and what is offshore trade, and what the cost of each income is. If you can't reply, your offshore claim may not be successful.

So every yearHong Kong companyDuring the audit, the business situation of the current year should be clearly matched. Otherwise, when facing the offshore claim, the onshore trade and offshore trade cannot be clearly divided, and the income and cost cannot be matched. In that case, there will be the risk of tax back if the offshore claim fails in that year.

A lotHong Kong companyWe pay much attention to this issue in business and trade. Obviously, offshore companies can enjoy preferential policies, but because they cannot reply to the tax bureau's problems, they have to pay back taxes and fines, which increases the company's tax costs invisibly.Therefore, in the process of operation, the Hong Kong company clearly understands the business situation of the company.

Do Hong Kong companies need to pay attention to onshore and offshore business?

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.

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