Hong Kong companyHong Kong does not charge profits tax on profits that do not take up resources in the territory. Therefore, when the Hong Kong company makes the audit and tax declaration, it informs the tax bureau that our company is an offshore business, and the business of the Hong Kong company does not occupy Hong Kong resources, so there is no need to pay tax. After that, the tax bureau will inquire about the business process of the company in detail, and the Hong Kong company will answer the inquiry, which is called offshore claim.

As the name suggests,Hong Kong companyIn addition, the Hong Kong company does not occupy Hong Kong resources when doing offshore business (for example, it does not know customers through Hong Kong exhibition, does not sign contracts in Hong Kong, and does not trade goods in and out of Hong Kong port, etc.). Offshore claims will be involved only after the late tax declaration. Therefore, not all Hong Kong companies need to make offshore claims, and not all Hong Kong companies with offshore business need to make offshore claims to Hong Kong Tax Bureau every year after the audit and tax declaration.

Hong Kong companyOffshore claims are usually audited tax returns,1-2After a few years, the Inland Revenue Department will issue a letter asking the company to reply offshore. It will not require the company to make an offshore claim. After an offshore claim has been answered once, the Inland Revenue Department will usually not ask the company to reply again for five to six years.

CycloseThe company is committed to providing domestic and foreign customers with corporate audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.