1. How to judge whether your Hong Kong company can make zero declarations depends on whether it has any business activities. As for how to judge whether a Hong Kong company is operating or not, you can refer to the following items to judge:
1. Whether the bank account to which the Hong Kong company belongs has generated transactions and has funds flowing
2. Whether the Hong Kong company has hired employees
3. Whether the Hong Kong company has any purchase and sale relationships, whether domestic or overseas
4. Whether the Hong Kong company has any Government customs and logistics companies have left import and export records
5. Whether the Hong Kong company has used patents, trademark designs, etc. in Hong Kong
As long as the Hong Kong company meets any of the above, That is to say, if the Hong Kong company has business operations, it does not meet the conditions for zero tax declaration by Hong Kong companies and needs to conduct normal accounting, auditing and tax filing.
2. How to handle the company’s zero tax return?
First of all, we need to understand the accounting and tax filing process in Hong Kong.
1. The company compiles the materials needed for accounting and generates financial statements, and the accountant will verify the accounts. Perform digital audits and issue audit reports with audit opinions.
2. After the Hong Kong company’s audit report is issued, you can fill in the tax return form issued by the tax bureau based on the relevant data to report the company’s operating conditions and the taxes that need to be paid. And submit the tax return together with the audit report to the Hong Kong Inland Revenue Department to make tax declarations and complete the tax declaration work.
3. Here, Hong Kong stipulates that only licensed accountants certified by the Hong Kong Institute of Certified Public Accountants can audit Hong Kong companies. If it meets the conditions for zero tax return, after the Hong Kong company receives the annual tax return issued by the Hong Kong Inland Revenue Department, it will fill in "zero" in all business columns of the tax return (including onshore business and offshore business), that is, there is no tax return that year. For any business, the Hong Kong government officially calls it "Business Inactivity Report". After completing the tax return, it must be submitted to the Hong Kong Inland Revenue Department within the specified time to complete the tax declaration. Welcome to communicate~wenmin557