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Pro forma invoice requirement for accounting audit of Hong Kong company

Released Date: Jun 17,2021 Article Source: HUANZE

Many mainland customers will register Hong Kong companies to carry out international business, which involves the accounting audit and tax declaration of Hong Kong companies every year. However, Hong Kong is different from the mainland, which implements tax control by invoice. Therefore, mainland companies need to purchase invoices from the tax bureau through the invoicing system of the tax bureau, while Hong Kong companies do not need to purchase invoices from the Hong Kong Tax Bureau, and the Hong Kong Tax Bureau has no invoices to buy. Hong Kong companies print and issue proforma invoices by themselves (INVOICEThis is one of the differences between the two tax systems.

Many mainland clients will register Hong Kong companies to carry out international business, which is involved every yearThe Hong Kong company does the booksAudit tax returns. However, Hong Kong is different from the mainland, which implements tax control by invoice. Therefore, mainland companies need to purchase invoices from the tax bureau through the invoicing system of the tax bureau, while Hong Kong companies do not need to purchase invoices from the Hong Kong Tax Bureau, and the Hong Kong Tax Bureau has no invoices to buy. Hong Kong companies print and issue proforma invoices by themselves (INVOICEThis is one of the differences between the two tax systems.

The Hong Kong company does the booksIn auditing, the requirements of Hong Kong accountants for proforma invoices are very simple. They do not require a fixed format, but they need to write down the basic information clearly, including: The invoice number (name, address, phone number, fax), invoice number, date of issue, item name, quantity, amount, currency, etc. Some companies will add their account information, and some will add their own at the top of the invoiceLOGOAs a header, the signature needs to be stamped with the issuing company's seal.

Pro forma invoice requirement for accounting audit of Hong Kong company

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