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Arrangement of bills for audit and tax declaration of Hong Kong company

Released Date: Aug 17,2021 Article Source: HUANZE

Recently, when I was doing the audit and tax declaration of Hong Kong company, I often encountered such a situation that the customer provided the invoice repeatedly. The main reason for this is that the customer receives and pays multiple times, and proforma invoice is provided for each receipt and payment. This is likely to result in duplicate entries.

Have been doing recentlyHong Kong corporate auditWhen filing tax returns, customers often provide repeated invoices. The main reason for this is that the customer receives and pays multiple times, and proforma invoice is provided for each receipt and payment. This is likely to result in duplicate entries.

Hong Kong companies and mainland companies in the tax declaration there are some differences, the mainland area is the monthly report, quarterly report plus annual report, so the mainland company is generally every month will handle the company's accounts; And the Hong Kong company is a tax declaration once a year, many customers to the beginning of the next year to the Hong Kong company's accounts will be unified to sort out, at that time may be many accounts of customers themselves may not know what is going on, plus not professional financial personnel, the matching of data may also appear a lot of deficiencies.

So in doingHong Kong corporate auditWhen filing tax returns, relevant auditors should communicate well with customers in advance about the arrangement of bills and how to reduce the discovery of wrong accounts and missing accounts, and save time and cost.

Arrangement of bills for audit and tax declaration of Hong Kong company

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