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+86 400 118 5939
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Tel：+86 400 118 5939Mr. Chen's company is located in Hong Kong and mainly engages in international trade of Chinese herbal medicine. The company's main trading products are purchased in mainland China. The company's procurement personnel travel to Shandong, Yunnan, Gansu and other places in mainland China to visit suppliers and sign procurement contracts with local suppliers. Mr. Chen's clients are concentrated in Japan and South Korea, where the company has offices. The employees of these offices negotiate and sign contracts with local clients.
Due to Hong Kong's policy of "low tax rates and encouragement of business", tax collection adopts the principle of territorial origin. Anyone doing business in Hong Kong only needs to pay profits tax on profits originating from Hong Kong, and profits generated outside of Hong Kong are not subject to tax. Hongyuan International Hong Kong headquarters has over ten years of experience in applying for exemption from profits tax. The application for exemption from Hong Kong profits tax is a tedious and complex task that requires professional accountants to evaluate and process. If the application is unsuccessful, full tax payment must still be made. Therefore, Mr. Chen found Hongyuan International.
After analyzing Mr. Chen's business model, Hongyuan International's Hong Kong consultant believes that the procurement contract is signed between Mr. Chen's company and the supplier in mainland China, while the sales contract is signed between the salesperson and the customer abroad. Both the sales contract and the procurement contract are signed abroad, so the revenue from this business comes from outside Hong Kong and does not fall within the scope of Hong Kong profits tax. So, Hongyuan International Professional Accountant processed the exemption of profits tax for this part of the business for Mr. Chen and successfully applied for it, fighting for the maximum profit for Mr. Chen's company.
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Email: info@hyintern.com
Hotline: +86 400 118 5939
