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Analysis of Salaries Tax in Hong Kong company audit and tax return

Released Date: Jan 04,2022 Article Source: HUANZE

There are two main taxes in Hong Kong. One is profits tax and the other is salaries tax. They all adopt the territorial principle of taxation. Salaries tax is one of the most important things to pay attention to when doing the audit of Hong Kong companies.

There are two main taxes in Hong Kong. One is profits tax and the other is salaries tax. They all adopt the territorial principle of taxation. Aim atdoHong Kong corporate auditSalaries tax is one thing to focus on when filing your taxes.

For example, some Hong Kong companies are engaged in offshore trading. Although they do not occupy Hong Kong resources, the remuneration of their directors exceedsHKD132000,The Hong Kong salaries tax threshold is the same as the salaries tax payable in Hong Kong. Salaries of other officers who work outside Hong Kong are not subject to salaries tax in Hong Kong. For example, some companies are doing itHong Kong corporate auditAt the time of tax declaration, their business is onshore trading. In this case, the salaries tax recipient of the company is not required to pay salaries tax in Hong Kong as long as his place of work is not in Hong Kong.

The reason is that salaries tax in Hong Kong is levied on a territorial basis. Salaries tax is payable in Hong Kong only if you work in Hong Kong and exceed the Hong Kong company salaries tax threshold. So companies are doingHong Kong corporate auditWhen you declare tax, you need to find a professional company to clearly understand the tax policy of Hong Kong, so as to avoid tax risks in business.

Analysis of Salaries Tax in Hong Kong company audit and tax return

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