inHong Kong auditIn the process of tax declaration, cross-year payment is often encountered. In view of this situation, we need to know clearly when we first enter the account that this collection is an advance collection/Prepayments, or collections and payments belonging to the cost of revenue.

Have been doingHong Kong auditTax declaration, encountered this situation, the customer in the first year of Hong Kong audit tax declaration, received a sum of money, the sum of money belongs to the income. However, the invoice provided by the customer is greater than the actual collection, indicating that this transaction is generated by receivables, and collection is realized in the next year of audit.

That's for next yearHong Kong auditWhen filing tax declaration, this invoice cannot be provided repeatedly, because the repeated provision will be entered into the account repeatedly as income, and the current payment is also wrong. At the end of the audit, when the auditor confirms the current payment, the corresponding current payment company may not agree to the confirmation.

So in doingHong Kong auditWhen filing taxes, pay attention to it. If there are multi-year payments and receipts, it is best to make a detailed list of payments and receipts, so that you can have a detailed account for reference when auditing tax returns in the future year and avoid tax risks.

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