In the mainland, no matter how large your business is, how much tax you can make in a year, and how much tax it is, are worrying. But in Hongkong, it's not difficult to pay taxes, because Hongkong is one of the lowest tax rates in the world. The tax system is simple and transparent, and the tax formalities are simple.
The tax system in Hongkong is well known for its simplicity. For many mainland enterprises, many companies registered in Hongkong are going to the tax concessions. But in recent years, with the cross-strait economic and cultural exchanges more and more deeply, the mainland government and the government of Hongkong for mainland enterprises to invest in Hongkong to expand the business are a welcome attitude, at the same time, Hongkong in the "hardware" and "software" advantages are also successfully attracted many mainland enterprises and investors.
Therefore, Hongkong is an ideal place to set up an enterprise and develop its business. It has the best business tax system in the world and has a high degree of transparency. Hongkong's tax system is simple, basically, the same set of rules, all walks of life in Hongkong, especially in Hongkong low profits tax to 16.5%, and more advantage is that if the mainland registered company in Hongkong to the mainland business, need not pay tax to Hongkong.
When it comes to the taxation of Hongkong companies, most people should have heard the phrase "zero declaration", and many entrepreneurs and investors will fall into the wrong zone without a thorough understanding. For example, Hongkong offshore operation companies can do zero declaration, or do not sit zero declaration, not to pay taxes and the like?.
Hongkong company offshore operations can do zero declaration, this is a very common misunderstanding. For example, someone to tell you that the friends of the Hongkong company operating in the mainland and overseas, have been doing reporting, not what the problem that Hongkong company can in offshore operation without reporting, and as experience tells her friends, there are a lot of people are misled by some information because of the lack of knowledge and experience.
But in the professional opinion, Hongkong, as long as there is a business, whether it is operating or non operating in Hong Kong in Hong Kong, are required to submit tax declaration materials to the Hongkong tax bureau, tax bureau and in accordance with the provisions of the tax accounting mode.
If the company does not have any commercial transactions, including any bank entry and exit, collect any income or pay any fees, you may apply for zero declaration. In general, a zero declaration is only suitable for a company that has never opened, operated, or terminated its business and is ready to complete its business.
Another common misconception is: don't you have to pay tax if you don't do zero declaration? Those who are familiar with the Hongkong tax laws know that Hongkong is taxed on the profits tax. The so-called profits tax is the part of the profits to pay taxes, and if there is no profit, there is no need to pay taxes.