Hong Kong companies in the process of operation, may be involved in the relevant taxes, that today Ring Ze Xiaobian to share with you the Hong Kong company departure tax.

Departure 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. The rate of departure tax is profit tax in accordance with the current tax law of Hong Kong16.5%the30%. Intellectual property refers to patents, trademarks, Copyrights, etc., commonly including film, game, trademark licensing fees.

How to declare the departure tax? Hong Kong company departure tax is withheld and paid by Hong Kong enterprises, which belongs to the principle of voluntary declaration. If the Hong Kong company needs to pay the copyright fee, share fee and other fees to the company outside Hong Kong, it needs to voluntarily withhold the departure tax from the tax bureau. The method of voluntary declaration mainly includes taking the initiative 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.

So what should a company do if it wants to file a departure tax? First of all, we should provide the business license of the declaration company and the intellectual property income obtained in the declaration year, and then declare. After the tax bureau issues the tax return, we should fill in the tax return and wait for the completion of the assessment before paying the corresponding tax.

Generally speaking, the time required to declare the departure tax is overall3-6If the Inland Revenue Department adjusts its work, it will be extended. For example, the time for applying for departure tax will be extended greatly this year due to the epidemic. Ring Ze Xiaobian is also here to remind you that if your company involves departure tax, you need to complete the tax declaration in accordance with the relevant regulations to help the normal operation of the company.

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