If there is inventory to be counted at the end of the period when the Hong Kong company is audited and declared. I've been doing it latelyHong Kong corporate auditTax matters, some of which have just been established new companies. New companies are usually faced with a problem that their own companies do not know how to tell the auditor about an operation situation of the company, and do not know what things should be informed to the auditor in advance so as to make some preparations.

For example, if the company has inventory at the end of the year, it needs to inform the auditor, and the auditor can arrange inventory at the beginning of the next year. There will be reservations if you don't take an inventory.

Apart from the reservation, the reason is simply that the auditor cannot confirm the true value of the inventory without taking an inventory. Rather than like the mainland, the end of the inventory only need to be declared in the State tax Bureau.

Therefore, there are some differences between Hong Kong and mainland China in inventory. Of course, there are many differences except this one. Other differences should be dealt with according to the company's operating situation.

To sum up, it is very necessary for companies in Hong Kong to find a professional auditor, otherwise they may step into a minefield and bring unnecessary tax risks to the company.

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