Shenzhen Tax Advice and Tax Advisory Service
Tel: 86-755-82143512 Email: anitayao@citilinkia.com
The increasing Tax burden is one of the most important concerns of enterprises, driving the adoption of proper internal controls and robust financial reporting processes to satisfy tax authorities, regulators and other stakeholders. At the same time, tax authorities worldwide are concerned with ensuring both increased compliance amongst taxpayers, and that their fiscal policies are not overtaken by global business and economic developments.
As to HongKong company formation,business tax breaks was addressed last year as follows:
A lower tax rate on the profits of businesses was announced in a bid to ease the burden on local operators and encourage entrepreneurship.
The tax rate on the first 2 million HK dollars of profit will be halved from the existing 16.5 percent to 8.25 percent .
The first 2 million HK dollars in eligible R&D expenditure will enjoy a 300-percent tax deduction with the remainder at 200 percent.
Profits above 2 million HK dollars will be taxed at 16.5 percent.
ATAHK is a provider of tax services both in terms of the size and scope of our tax practice and our reputation. Clients engage us because we combine a strong understanding of their business and economic environments with specialist tax knowledge. As tax codes become increasingly complex and tax planning more controversial, we help companies to:
identify and reduce tax risks,
understand and meet their compliance obligations,
implement tax strategies that complement their business and operational objectives,
resolve disagreements with tax authorities when they arise, and
manage tax accounting and reporting issues and design of best in class tax functions
The advice we provide to clients is based on China and HK tax laws and regulations, which guides the way as we help organizations think through the legal basis for their planning and the reputational issues that may result. In difficult economic times when companies are focused on paying their fair share of taxes as efficiently as possible and governments need to collect the maximum amount of tax revenue, we look forward to being a productive participant in these discussions.
We take pride in our role as an essential and productive part of China and HK tax administration and compliance. Our policy specialists advise regulators, governments, corporations, and supra-national bodies worldwide on the technical and practical aspects of developing and implementing tax policy initiatives. We lead the debate with tax authorities and governments around the world, changing the way we all think about tax.
Contact Us
If you have further queries in Tax Advice and Tax Advisory, please don’t hesitate to contact ATAHK at anytime, anywhere by simply visiting ATAHK’s website www.3737580.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143512 or emailing to anitayao@citilinkia.com.