The operation of a company cannot be separated from its employees. If employees are employed, they will be involved in the payment of wages to the employees. The wage expenditure can be deducted from the profits tax in Hong Kong.
The operation of a company cannot be separated from employees. If employees are employed, wages will be paid to the employees. The wage expenditure can be deducted from the profits tax of Hong KongHong Kong companyDo I have to submit an employee return to the Inland Revenue Department of Hong Kong after paying wages?
For example, every year4I have not received the employee return form issued by Hong Kong Tax Bureau a month ago, and I am working on itHong Kong companyThere is indeed labor expenditure in the audit. What should be done at this time?
As a general rule, employee returns are required to be filed annually, and there are penalties for not filing on time. If you do not receive the employee return form, but there is labor expenditure during the audit, you can choose not to declare, and then explain it after a later spot check by the tax bureau, or you can take the initiative to apply to the tax bureau, ask the tax form to be issued, and declare after receiving the tax form. Voluntary declaration is certainly more advantageous to enterprises. If the reported wages are inHKD132000The General Inland Revenue Department will not issue a salaries tax schedule. If this is exceeded, a Salaries tax schedule may be issued and tax may be involved.
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