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Location: Home -->> knowledge of HK company
relevant information of doing account
2015/3/12 12:13:25

Tax returns do account details

First, do the accounts of several types: Zero declaration, not active report, collection and payment, normally do account
1) Zero declaration: In Hong Kong, the company has no business, no accounts, no income to do zero declare that this is not normal way to do accounts, customers do not recommend! Because the government there will be random, if able to get the company and found that the account, the account funds out there, have a business or company, it will freeze the companys accounts, will cause unnecessary trouble.If customers insist on doing zero reporting, then proposed to write off about four years to re-register a company.
         Declare zero turn normal do account then need to start from the date of the establishment of the complement, if the company has no income or loss, and recommends no operational audit reports (not active report).
2) Inactive Report: Hong Kong company did not open a bank account, or open a bank account but have not started operating, only banks monthly service fee.
3) collection and payment, only the company on behalf of the company collection and payment, not the individual; and the first collection and pay later, it is hard to turn the other way to do accounts; and has hired staff in Hong Kong, there are office with other Hong Kong companies have cooperation can not do the collection and payment.
4) normal to do accounts: the need for the customer to collect accounting data into banking, sales category, purchase type, and other expenses and so on. Customers are advised to know the importance of preserving all kinds of documents.
Second, given the year end date.
Hong Kong is the companys first tax year in the first 18 months after its establishment, the tax representative to apply for tax forms, tax returns for the first time issued a limited time is three months, to a limited time after the second one month, due to the fiscal year was 3.31 days in Hong Kong, mainland Japanese fiscal year is 12.31, so do try to account for the first year when the election between the number 12.1-3.31, because it can apply to the extension of government, 4.1-11.30 no extension between numbers.
    Note: Customers are advised to set at December 31 or March 31, you can apply for tax deferred, there is more than enough time to do the accounts, will not be fined; if there are subsidiaries or affiliates in the country, it is recommended set in December consistent with the domestic year ended 31 May. Set a year-end is difficult to modify, affecting tax, should be carefully chosen!

Third, do account, customers need to clearly explain the following points:
1) Turnover: Now do accounts offer is in accordance with the companys turnover to report, not by the transaction amount in the
2) Business Type: Trading category
3) whether the child / parent. If the company has a subsidiary in Hong Kong, it has made its way to the two accounts, one is a simple association; the other is the consolidated financial statements.
4) The Company has loans, overdrafts, letters of credit, bills receivable, mortgages, etc.
5) Does the company hold property, vehicles
No 6) the company has to invest in stocks, bonds, futures, options, funds
7) Are there intangible assets
Note: Question three to seven, yes to any one company, you need to charge for the cost alternative

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Guang Yin Yun Ma Tian Long International Business (SZ) Limited