Hongkong tax common problems

1. the new company's first year of the year when the tax return?

A: Hongkong Hongkong company regulations, after the establishment of the company, regardless of whether the company has to pay tax, but must return a year, the new Hongkong company has just set up to allow 18 months after filing, tax year after year.

2.  what is the calculation method of Hongkong corporate profits tax?

Answer: is based on the taxable year should be a tax profit and tax levy. Where any business, professional or business operations in Hongkong, from which the industry, professional or business to obtain from Hongkong or Hongkong to produce or have all the income tax shall be paid, the profit tax rate shall be 16.5% of the profits of the company, and the profit of unlimited company shall be 15% of the profits.

3.  I heard that the Hongkong company has a different financial year.

Answer: fiscal year on year in 1-3 months, the latest tax return period of November 15th;

Fiscal year, the year of the year in 4-11 months, the latest year of tax return of April 30th;

Fiscal year in December, the year of August 15th, the latest year of tax returns.

4.  if the company has not been established after the establishment of the company has not been operational, if you can apply for zero tax returns?

Answer: is, if in a fiscal year, the company had no business, that the annual can petition the government to exempt accounts, audit and tax payment directly zero tax can be. The Hongkong government requires companies to report once a year, the general new company in Eighteenth months to receive a profit tax return within a month after completing a good send to the tax bureau.

5.  whether overseas profits tax?

A: if the company's business activities occur in the Hongkong special administrative bureau.

Profits are to be made overseas, such earnings do not have to pay according to the profits of the Hongkong tax bureau, the business is not in Hong Kong can apply for overseas profits, can be verified in the following several points: the business is not in Hongkong, the signing of the process are not in Hongkong, Hongkong customs declaration, delivery, etc..

6.  what will the consequences of Hongkong's tax return?

Answer: if the delay in the tax, the tax bureau will be based on the length of the delay in the amount of the amount ranging from a fine, the minimum amount of a fine of HK$1200 yuan.

7.    as a foreigner in Hongkong, work income to pay salaries tax?

Answer: any person in Hong Kong or from Hong Kong office, employment and income, less allowable deductions, personal exemptions or charity) must pay 3%-17% salaries tax At present, the salaries tax rate in 2%, 7%, 12% and 17% grade four. The current personal allowance is HK$12 million.

  8.  which goods are to be delivered to the customs?

Answer: the import and export of goods in addition to tobacco, cosmetics and other special provisions, can enjoy duty-free goods import and export.

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