In the case of inactive Hong Kong companies, equity changes only need to be signed by the new and old shareholdersConversion of shares by Hong Kong companyIs the signature document;activeConversion of shares by Hong Kong companyIn addition to submitting a signature document for a share transfer, you also need to provide financial statements or auditor's reports that are due within the last three months, and then use the reports to calculate the value of each share of the Hong Kong company (net assets of the company)/Number of company shares=Share value per share ). The final estimate of the stamp tax payable by the Hong Kong company on the conversion of shares ( Share value per share*Number of shares transferred*0.002=Stamp duty), the final stamp duty payable shall be calculated by the staff of the Inland Revenue Department.

becauseConversion of shares by Hong Kong companyThe printed tax and stamp duty should be paid on the spot when submitting the transfer documents. If the company involves a large amount of money, you can prepare a blank check for the amount of money to the Hong Kong Tax Bureau. After the tax bureau staff calculates the tax due to the transfer of shares, you can fill in the check on the spot to avoid a wasted trip.

A final note:Conversion of shares by Hong Kong companyThe amount involved in the share transfer needs to be filled in the signature document, but because each company is different, some companies registered capital is Hong Kong dollar, some registered capital is US dollar or other currencies, so it is necessary to check more to avoid mistakes and omissions.

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