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Accounting Service

2014/4/14 15:20:00
Profits tax, one of the three taxes in Hong Kong is based on assessable profits (ie a fiscal year net profit) in the year of assessment levied. Where in any trade, profession or business in Hong Kong from such trade, profession or business in Hong Kong all the profits arising in or derived from Hong Kong (except by the profits from the sale of capital assets) of persons, including corporations, partnerships, trusts person or body is required to pay tax, levied on non-Hong Kong residents did not have a Hong Kong resident, respectively. Therefore, one of Hong Kong companies all important matters have to be handled is reported annually to Hong Kong Profits Tax Administration.
1, the tax rate
     Currently the Hong Kong government's net profits tax rate is 17.5%, for example, the company's gross profit for the year, two million Hong Kong dollars, net profit of one million Hong Kong dollars, the company should pay profits tax year is 1000000 * 0.175 = 175,000 Hong Kong dollars. If the company that year no operations or operating losses, then Needless taxes.

2, tax methods
     According to whether the operations in Hong Kong, tax returns can be divided in two ways:

First, do tax accounts;
 

Second, zero reporting