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What happens if a Hong Kong company is estimated to pay profits tax?

Released Date: Dec 03,2021 Article Source: HUANZE

If a Hong Kong company wants to pay the estimated tax, it should first contact the tax bureau to understand the reasons for the estimated tax payment, and then apply to the tax bureau for cancellation according to the reasons, and the tax should be assessed according to the actual profits.

Hong Kong companyIf you want to pay estimated tax, you should first contact the tax bureau to understand the reason for paying estimated tax, and then apply to the tax bureau for cancellation according to the reason, and the tax should be assessed according to the actual profit.

First, fill in the tax return and submit it to the tax bureau as soon as possible. Second, write a written explanation to explain how much tax should be assessed in this year. Then attach the submitted audit report and tax return as evidence. Upon receipt of the statement, the tax will be assessed on the basis of the actual profit. A tax notice will be issued after the assessment, soHong Kong companyJust pay according to the tax notice.

In the above cases, the tax return is not submitted to the tax bureau on time, or the audit report is submitted first, then the tax return is submitted later, and then the tax return is submitted later without an audit report attached. Subsequent ifHong Kong companyAfter receiving the tax return, no matter whether the audit report has been submitted before or not, you can attach a copy of the audit report to the tax return to avoid such problems.

What happens if a Hong Kong company is estimated to pay profits tax?

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