In the accounting, auditing and tax declaration of Hong Kong companies, there is a special column in the audit report for profit tax calculation, then how to calculate the profit tax in the audit report?
inThe Hong Kong company does the booksIn the audit report, there is a special column for profits tax calculation, then how to calculate the profits tax in the audit report?
The profits tax in Hong Kong is the same as the corporate income tax in mainland China. On the basis of accounting profits, the taxable income is obtained through tax adjustment and reduction and then multiplied by the applicable tax rate to calculate the profits tax.
The Hong Kong company does the booksWhat are the profits tax adjustment items?
(1) Profits obtained outside Hong Kong are not subject to profits tax in Hong Kong and are subject to tax deduction in the calculation of profits tax.
(2) Interest income from bank deposits, such as current and fixed interest on bank deposits, is not subject to profits tax and shall be subject to tax deduction when calculating profits tax.
(3) Capital gains. If the idle funds are used to invest in stocks, funds or bonds for investment gains or losses, capital gains are not subject to profits tax in Hong Kong and are subject to tax increase or decrease when calculating profits tax.
(4) An enterprise shall increase its tax on donations exceeding the prescribed standards
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