Hong Kong companyDeparture tax refers to income from intellectual property acquired in Hong Kong by companies outside Hong Kong, which is subject to departure tax in Hong Kong. Hong Kong company departure tax is withheld and paid by Hong Kong enterprises, which belongs to the principle of voluntary declaration.

The method of voluntary declaration is mainly to write a written application to the tax bureau to explain the situation, request the tax bureau to issue the tax return of departure tax, fill in the tax return and submit it to the tax bureau. After receiving the tax, the tax bureau will assess the income according to the tax rate according to the copyright fee, share and so on. After the assessment, the customer can pay the tax.

ifHong Kong companyIf you need to pay copyright fees, share fees and other fees to companies outside Hong Kong, you need to voluntarily withhold departure tax from the Inland Revenue Department. The rate of departure tax is profit tax according to the current tax law16.5%the30%. Intellectual property refers to patents, trademarks, Copyrights, etc., commonly including film, game, trademark licensing fees.

Declaration of departure tax overall need3-6In case of adjustment of the work of the Inland Revenue Bureau, it will be extended. For example, the Hong Kong Inland Revenue Bureau will continue to adjust the leave due to the epidemic, which will greatly prolong the time of applying for departure tax.

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