AbacusHKCPA - Company Formation and Company Registration by Hong Kong Accountants (HKCPA)

Tax Filing

For a company does not need to apply for tax exemption, only Item 1 and 2 are required to be submitted to HK tax department.

When tax exemption application is required, Item 3 is required as well.

In Item 1, all income (inshore and offshore) of the taxpayer company should be reported.

In Item 2, tax payable needs to be calculated according to tax rules in HK;

In Item 3, at least below 2 document sets are included:

1. Organization chart (Company function structure) showing which function is performed offshore
2. Walk-Through document example of a deal showing how an offshore income business is handled. (please select one of the largest in amount and typical);

If apply for tax exemption without giving sufficient information. Tax department will issue a letter asking for proof.