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When should a Hong Kong company pay Profits tax after incorporation?

Released Date: Feb 17,2022 Article Source: HUANZE

At present, for domestic enterprises doing international business, it is almost standard to register a Hong Kong company. After the registration of a Hong Kong company to conduct entrepot trade operations, if its profits come from Hong Kong, it needs to pay profits tax in Hong Kong. Then when should a Hong Kong company pay profits tax?

At present, for domestic enterprises doing international business, registrationHong Kong companyIt has become almost standard. If a Hong Kong company is registered to carry out re-export trading operations, if its profits are derived from Hong Kong, it needs to pay profits tax in Hong Kong. Then when should a Hong Kong company pay profits tax?

Hong Kong companyThe certified public accountant in Hong Kong shall audit and issue the audit report every year. When the Hong Kong company receives the profits tax return sent by the Hong Kong Tax Bureau, it shall fill in the relevant data in the tax form according to the audit report of the current year of the Hong Kong company, and then submit it to the Hong Kong Tax Bureau to complete the tax declaration. The profits tax return shall state the amount of the profits from Hong Kong. Whether to choose two tax brackets. Upon receipt of the tax return, the Hong Kong Inland Revenue Department will calculate the profits tax payable on the part originating in Hong Kong in accordance with the prevailing tax rate policy and issue a tax note. Upon receipt of the tax receipt, the Hong Kong company is required to pay the profits tax in full and on time according to the period and amount specified in the tax receipt. If overdue, a late fee will be imposed.

From the above introduction, we can see that,Hong Kong companyProfits tax is payable only upon receipt of a profits tax receipt from the Inland Revenue Department of Hong Kong.

When should a Hong Kong company pay Profits tax after incorporation?

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