Tax service

The frequency of tax returns in Hong Kong is annual. Tax returns include profits tax, salaries tax, stamp duty, etc.

1.Profits generated in Hong Kong are subject to profits tax.Only profits generated in or derived from Hong Kong are subject to profits tax in Hong Kong
2.In the case of profits from outside Hong Kong, they may be regarded as offshore sources and not taxed in Hong Kong.
3.Starting from April 1, 2018, the profits tax rate for the first two million yuan of profits of a limited company will be reduced to 8.25%, and the tax rate for subsequent profits will continue at 16.5%.
4.In Hong Kong, many company expenses are tax deductible.

Limited and unlimited

(sole proprietorship/partnership)

1.Act as a tax agent representative

2.Tax calculation proposal and support plan

3.Filing of enterprise tax returns

4.Application for employer and employee declarations

5.Apply for an extension

6.Assist in handling inquiries from the inland revenue department, tax field audit or tax investigation

7.Provide tax planning and consultation

8.Apply for offshore income

personage

1.Filing personal returns

2.Claim allowances

3.Choose a personal assessment

4.Declare property tax returns

5.Apply for an extension

6.Assist in handling inquiries from the inland revenue department, tax field audit or tax investigation

7.Provide tax planning and consultation

Nature of domestic taxpayer

Tax payers in China are divided into resident taxpayers and non-resident taxpayers.

Resident taxpayers are required to file tax returns on income worldwide, while non-resident taxpayers only file tax returns on income originating in China.

The domestic tax

Due to the variety and complexity of tax laws in China, it is difficult for non-professionals to accurately and reasonably file tax returns. If not handled properly, a fine may be imposed, or the criminal law may be violated, leading to imprisonment.

China's current tax system is roughly divided into five categories and 17 tax categories according to the objects of taxation:

Tax classification	Contains tax
Goods (goods) and taxes	VAT, consumption tax, tariff
Goods (goods) and labor taxes income taxes	Enterprise income tax, individual income tax
Property and behavior taxes	Property tax, vehicle and vessel tax, stamp duty, deed tax
Resource class	Resource tax, land value added tax, urban land use tax
Specific purpose taxes	construction tax,vehicle purchase tax, farmland occupation tax, tonnage tax,tobacco tax

In addition, there are some other local government fees, such as education surcharge, local education surcharge, levee fees, cultural fees and so on.

Frequency of domestic tax declaration

Monthly declaration, quarterly declaration, annual declaration.

Domestic taxation routine tax-related services

company	1)quarterly small-scale VAT declaration/monthly VAT declaration by general taxpayers 2)quarterly declaration of minor surtax/monthly declaration of general taxpayers' surtax 3)comprehensive income declaration of natural person tax management system/classified income declaration, etc 4)quarterly pre-declaration of enterprise income tax/annual settlement declaration of enterprise tax 5)declaration of other fees and charges 6)assist in handling inquiries from the tax bureau, on-site tax audit or tax investigation 7)provide tax planning and consultation
Partnership individual investors, individual industrial and commercial households, contractors	1)quarterly small-scale VAT declaration/monthly VAT declaration by general taxpayers 2)quarterly declaration of minor surtax/monthly declaration of general taxpayers' surtax 3)comprehensive income declaration of natural person tax management system/classified income declaration, etc 4)quarterly pre-declaration of enterprise income tax/annual settlement declaration of enterprise tax 5)declaration of other fees and charges 6)assist in handling inquiries from the tax bureau, on-site tax audit or tax investigation 7)provide tax planning and consultation
personage	1)the tax management system of natural person deducts the consolidated income/classified income/annual individual income tax settlement 2)claim allowances 3)choose a personal assessment 4)return on property tax declaration 5)apply for extension of tax return 6)assist in handling inquiries from the tax bureau, on-site tax audit or tax investigation 7)provide tax planning and consultation
Other related invoicing services	1)help enterprises and individuals to apply for issuing special and common stamps at the tax bureau 2)help enterprises to apply for tax control disk, apply for paper and electronic invoices and provide invoicing services 3)apply for the service of invoice promotion 4)other relevant services

The group can also provide professional Consultancy services in tax planning and related framework design for enterprises in Hong Kong and China.

Nature of domestic taxpayer

The domestic tax

Frequency of domestic tax declaration

Domestic taxation routine tax-related services

We can provide professional tax preparation services. Please contact our professional consultants for further information.