The client has been registered in Hong Kong for three years and has submitted audit reports to Hong Kong Inland Revenue Department on time every year. Recently, the client Hong Kong company received the tax defense notice issued by the Hong Kong Tax Bureau. Under what circumstances does the Hong Kong company need to do the tax defense?
customerHong Kong companyIt has been registered for three years and has submitted audit reports to the Hong Kong Inland Revenue Department on time every year. Recently, the client Hong Kong company received the tax defense notice issued by the Hong Kong Tax Bureau. Under what circumstances does the Hong Kong company need to do the tax defense?
According to the Tax law of Hong Kong, a Hong Kong limited company is required to submit to the Hong Kong Government an annual (AUDIT REPORTAuditor's report (i.e. domestic audit report) In our audit report, our accountant in Hong Kong will state in the report that your company's profits are obtained outside Hong Kong. Hong Kong Inland Revenue Department will have the audit report after receiving it30-40%Send you a tax defense, also known as an offshore claim (usually after a year or two). In this case, you need to file an offshore claim with the Hong Kong Government. If the claim is successful, you do not need to pay tax to the Hong Kong Inland Revenue Department. At this time, our accountant will make professional offshore claims for the client's Hong Kong company. If we do not receive the tax defense notice from the tax bureau, it means that the tax bureau has no objection to the overseas profits of the client's Hong Kong company.
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