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Do Hong Kong companies need to plead for profits tax exemption if their profits are not derived from Hong Kong?

Released Date: Jul 20,2022 Article Source: HUANZE
Many people know that if the profits of a Hong Kong company do not come from Hong Kong, they do not need to pay profits tax in Hong Kong. However, what many people do not know is that if the profits of a Hong Kong company do not pay profits tax, they need to defend the profits tax exemption of Hong Kong company.

       Many people know the profits of Hong Kong companiesifIf you don't come from Hong Kong, you don't need to pay profits tax in Hong Kong. However, what many people don't know is that if a Hong Kong company does not pay profits tax on this profit, you need to answer the defense of profits tax exemption of Hong Kong company. This defense is not required every year during the audit, but the Hong Kong Tax Bureau will conduct a spot check. You need to plead Hong Kong profits tax exemption.

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Keywords: Hong Kong company

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