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What is the difference between Hong Kong and China?

Released Date: Aug 02,2021 Article Source: HUANZE

Since last year, countries around the world have been working together to fight against the novel coronavirus. In the second half of this year, the epidemic has entered a relatively stable stage, so most people have refocused on economic recovery and development. With the active international economy, many people registered Hong Kong companies in Hong Kong for the convenience of international trade.

Since last year, countries around the world have been working together to fight against the novel coronavirus. In the second half of this year, the epidemic has entered a relatively stable stage, so most people have refocused on economic recovery and development. With the active international economy, many people are in Hong Kong for the convenience of international tradeRegistered Hong Kong company.

inHong Kong incorporated companyIt should be noted that there is a big difference between the payment of personnel salaries and that of domestic companies. Because the withholding system is implemented in China, the company directly deducts individual income tax when issuing salary, and the employees get the after-tax salary. However, Hong Kong companies will not withhold salaries tax, so salaries tax needs to be declared by oneself. But Hong Kong companies need to pay attention to the tax declaration, Hong Kong companies need to fill in56BForm (employee's return of salary) to submit salary information to the tax office.

What is the difference between Hong Kong and China?

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.

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