Hong Kong companyAfter filing the tax, if the company needs to pay the tax, it will receive a tax notice. The notice contains both the current tax due and the next year's provisional tax. Application for withholding the provisional tax can be made to the Inland Revenue Department, but only within the specified time limit and for reasons specified in the Inland Revenue Ordinance. In general, you can apply for a suspension of payment under the following circumstances:

1. The assessable profit of the year of assessment is less than or likely to be less than the assessable profit of the previous year 90%, which is or may be less than the assessed profit for the year of provisional tax assessment90%. Relevant supporting documents(Include not less than8Monthly and signed draft of accounts) It must be submitted with the application;

(ii) any loss carried forward to offset for the year of assessment is omitted or inaccurate;

(iii) trade, profession or business in which the company has ceased to carry on business or will cease to carry on business before the end of the year of assessment, and the assessable profits to be assessed for that year of assessment are less or likely to be less than the assessable profits of the previous year, or less or likely to be less than the assessable profits of the provisional year;

Fourth, having selected Personal assessment for the year of Provisional Tax assessment, You may pay less tax this way; Fifth, you have raised an objection to the profits tax assessment for the previous year.

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.