Experience Effective Tax system while Company Registration - Hong Kong

作者:Winnie    發表日期:2017-08-18 14:37:18

Hong Kong is famous for effective tax system and this is also a reason that the investors are set up their business globally. The neigh hood country can experience the really low tax facilities. The tax system is as effective as the other facilities are but that doesn't mean that you have not paid any single taxes. You only have to declare taxes here once company registration in Hong Kong. The tax system is very effective which only levies profit tax on the rate of 16.5% without business tax. For outside Transaction, this levies 0% profit tax on that revenue. This allows for savings on sales tax and corporate tax at the very least. More expenses can be written off against a Hong Kong corporation china company formation.

The United States, for example, does not allow you to write off a glass of wine for your client or your commutation expenses as a business expense. However, there is no such prohibition in Hong Kong. The place follows a single-tier taxation system and therefore tax rate on capital gains, on shareholder dividends and on foreign sourced income is 0%. There are no foreign exchange controls here - thus allowing for free circulation of funds, easy exchange and transfer of foreign currency and convenient and quick handling of credit operations hong kong company formation.

 



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