Offshore exemption

Other tax business

What is an offshore exemption

To apply for exemption from offshore income tax means that the Hong Kong Inland Revenue Department agrees that the profits generated by the company are offshore income. Because Hong Kong is taxed on the principle of geographical origin, that is, only profits originating in Hong Kong are subject to tax in Hong Kong, while profits originating elsewhere are not subject to profits tax in Hong Kong.
Under the Hong Kong Tax Case, the offshore income of The Hong Kong Limited is exempt from profits tax, that is, "business does not operate locally and profits come from overseas", and the Government can apply for exemption from profits tax.

Application conditions

  1. （1）Neither the suppliers and the customers are Hong Kong merchants;

    （1）Neither the suppliers and the customers are Hong Kong merchants;

  2. (2)The signing process of the order does not take place in Hong Kong;

    （2）The signing process of the order does not take place in Hong Kong;

  3. (3)The goods have not been customs clearance, receipt and delivery in Hong Kong, etc.;

    (3) The goods have not been customs clearance, receipt and delivery in Hong Kong, etc.;

  4. (4) Offices and employment of Hong Kong employees who do not have an entity in Hong Kong;

    (4) Offices and employment of Hong Kong employees who do not have an entity in Hong Kong;

  5. (5) No business record has been left in the Hong Kong Government

    (5) No business record has been left in the Hong Kong Government

Note: Companies need to pass an account audit before they can apply for an offshore exemption

Process

  1. 01
    Do an audit of the accounts

    Do an audit of the accounts

  2. 02
    Applications will be made by the Tax Office for audit statements and reports

    Applications will be made by the Tax Office for audit statements and reports

  3. 03
    Tax issues letters on offshore issues

    Tax issues letters on offshore issues

  4. 04
    Write a reply letter and related information to the Tax Office

    Write a reply letter and related information to the Tax Office

  5. 05
    The results of the approval under the IRS

    The results of the approval under the IRS

WTEC advantages

  • Authority

    Authority

    18 years old brand, the Hong Kong Government designated a registry, with a special dual licensee

  • Professional consultant

    Professional consultant

    The team has an average of more than 3 years of business experience and has handled more than 100,000 cases

  • The information is confidential

    The information is confidential

    Follow strict nondisclosure agreements to give customers a real experience of secure and private services

  • Efficient and transparent

    Efficient and transparent

    The service process is visual, the price is transparent and does not include any hidden surcharges

Value-added services

  • Registration of overseas companies

    Registration of overseas companies

  • Annual tax returns for overseas companies

    Annual tax returns for overseas companies

  • Open an account with an overseas company

    Open an account with an overseas company

  • Overseas immigrants

    Overseas immigrants

  • WTEC Information