Nowadays, many individuals who do international trade or have overseas business will set up their own company in Hong Kong. However, Hong Kong companies need to pay attention to the compensation and expenses paid to individuals, because this is completely different from the treatment of mainland companies.
Nowadays, many individuals who do international trade or have overseas business will set up their own company in Hong Kong. butHong Kong companyPay attention to the compensation and expenses paid to individuals, as this is completely different from the processing of mainland companies.
When mainland companies pay salaries and other individual commissions to their employees, they need to withhold and pay individual income tax. That is to say, companies will deduct individual income tax and pay it to individuals according to the deducted amount, and the deducted tax will be directly handed to the domestic local tax bureau by companies. butHong Kong companyThere is no withholding obligation, so Hong Kong companies cannot deduct salaries tax from individuals when they pay them. They need to be filled out separately56B and56MThis2Submit a form to the Hong Kong Tax Bureau, telling it how much the company paid the individuals in compensation and commission. If the salary is paid to company employees, you need to fill in the56B(employee payroll return); The commission paid to individuals outside the company should be filled in56M(non-employee payroll return).
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