The client's Hong Kong company received a tax reply question from the Hong Kong Tax Bureau. The client asked our company: how to determine the profit of the Hong Kong company outside Hong Kong?
customerHong Kong companyWe received a tax reply question from the Hong Kong Tax Bureau. The customer asked us: how to determine the profit of a Hong Kong company outside Hong Kong?
The criteria for determining non-Hong Kong profits can be summed up in a wordHong Kong companyThe profits gained in the whole year have nothing to do with Hong Kong and do not utilize Hong Kong resources. To be specific, common criteria include: inability to hire and lease office space in Hong Kong; suppliers (including products or services, such as transport services provided by transport companies); customers who are not Hong Kong-registered enterprises or individuals with Hong Kong identity; and customers who cannot be contacted through resources in Hong Kong. Contracts cannot be signed and goods cannot be processed locally in Hong Kong....These are common conditions, but not all of them, because they depend on the business of each enterprise. After the successful defense of tax questions, the profits tax of the current year will be confirmed.
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