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Taxation Advisers

With extensive practical experience and our familiarity with the taxation regimes in many countries and regions, the taxation advisers of Conpak have successfully provided taxation advisory services to many enterprises. In addition to assisting enterprises in solving basic taxation issues, Conpak also assists them in reasonable tax saving, improving their economic efficiency in the process of growth through scientific and sound tax planning.

Our Services Include

The taxation advisors of Conpak primarily provide the enterprises with advisory services on corporate taxation and financial policies, assisting them in making decisions on investment and taxation, estimating their taxation risk and taxable amount incurred in significant economic activities, establishing risk prevention systems, illustrating the latest financial policies and evaluating the effects of new policies, which includes the following:

  • Advisory Services on Corporate Taxation
  • Solution on Taxation Disputes
  • Services for Hong Kong Taxation
  • Services for the PRC Taxation
  • Taxation Services for Multinational Enterprises
  • Taxation Structure Planning for Cross-border Investment
  • Taxation Arrangement for Merger and Acquisition
  • Indirect Taxation Services
  • International Personal Taxation Services
  • Transfer Pricing

Frequently Asked Questions

Frequently Asked Questions on Hong Kong Taxation

1. When shall a company newly incorporated in Hong Kong with limited liability begin to file the tax return?

Answer: A company newly incorporated in Hong Kong with limited liability will receive a profit tax returns issued by Inland Revenue Department of Hong Kong in the 18th month upon incorporation.

2. What are the profits tax rates for Hong Kong companies? When are the basis periods for taxation calculation in Hong Kong?

Answer: The profits tax rates for a company with limited liability, and a sole proprietorship and a partnership in Hong Kong are 16.5% and 15% respectively. The basis periods for taxation calculation in Hong Kong are usually the years ended 31 March or 31 December.

3. What are the main taxes a company incorporated in Hong Kong is subject to?

Answer: Under the Inland Revenue Ordinance of Hong Kong, a company incorporated in Hong Kong is mainly subject to such taxes as profits tax, salaries tax, property tax and tariffs.

4. What is a nil profits tax return for a Hong Kong company? Under what circumstances a company can file a nil profits tax return?

Answer: A company with no business operations for any year may file a nil profits tax return and make an application to the government for the exemption from preparation of financial statements, audit and tax payment. For details of nil profits tax return, please refer to relevant provisions under Companies Ordinance of Hong Kong.

5. What shall a company do if a tax return is received during a year of assessment in which it has not commenced business operation?

Answer: A company is also required to complete and file the tax return it receives to the Inland Revenue Department of Hong Kong even though it has not commenced business operation in such assessable year.

Frequently Asked Questions on the PRC Taxation

1. Is an enterprise required to handle tax registration for the establishment of a branch company? Can it apply for an ordinary tax receipt?

Answer: For the establishment of a branch company, an enterprise is required to submit to the tax bureau such supporting documents as business license, particulars of the head office and the identity card of the authorized representative of the head office to handle tax registration. If the branch company of such enterprise has independent accounts, such branch company may submit its financial statements to local tax bureau and apply for an ordinary tax receipt.

2. When shall a PRC company handle the tax registration?

Answer: A company is required to submit relevant supporting documents to the competent tax authorities for application for tax registration 30 days immediately upon the date of approval of the business license.

3. How does a company apply for the qualification of value-added tax receipt for a general taxpayer?

Answer: A number of requirements have to meet for the application for value-added tax receipt for an general taxpayer, such as the taxable revenues of over RMB 1.00 million for an industrial enterprise or taxable revenues of over RMB 1.80 million for a commercial enterprise, with healthy financial review and the purchase of Value Added Tax Anti-Fake and Control System.

4. When shall a company handle the procedures for the application for tax refund or tax-exempt for exported goods upon obtaining the operation right for import and export trade?

Answer: An enterprise shall handle the procedures for application for tax refund or tax-exempt for exported goods with the competent tax authorities within 30 days upon filing and registration with the department for foreign economic relation and trade of the PRC.