Mitsuba International - Strategic Tax Planning

Tax Planning?
Several years of persistent deflation has taken their toll on many Small and Medium-sized Enterprises (SMEs). No matter in good times or tough times, companies need all the help they can get in stemming a seemingly endless outflow of cash. There are some simple steps that companies can take to ensure they are not paying more tax than they must. While tax planning is generally seen as a way of reducing an overall tax bill, companies should also think about their tax cash flow and make sure that they are not overpaying tax demanded in advance!

Pay Much Tax, Less Tax, or No Tax?
A company is only taxed in Hong Kong on profits that are deemed to have a Hong Kong source. Therefore, you should conduct a regular review to see whether the current mode of operation gives rise to an offshore claim. For example, if a Hong Kong company makes its goods on the Mainland China, only 50% of the profits from the sale of these goods should be taxed in Hong Kong. Even if a company cannot currently claim that all or part of its profits have a non-Hong Kong source, it should think about any ways of modifying its operations so that an offshore claim could be made.

Why Still Pay More Tax than You Should?
There is a golden rule in the business world especially in eastern culture business environment - "No Plans, No Gains". A taxpayer can achieve maximum tax efficiency through our strategic tax planning. We, act as your Strategic Taxation Consultant, introduce some useful means of tax planning in Hong Kong including Profits Tax Planning, Salaries Tax Planning, Property Tax Planning, Tax Hold-over, Accounting Policy Selection, and Shift Tax Duty. We also to act as your Tax Represenative to: Preparation and submitting tax-free status applications on your behalf Suggestion of taxation issues concerning Profits Tax, Property Tax, Salaries Tax, Tax Allowances, Tax Deductions, and Tax Exemptions Computations of Adjusted Taxable Profits, Depreciation Allowances, Commercial Building Allowances, Industrial Building Allowances, and Balancing Charges, etc. Submit Tax Return to Inland Revenue Department Application of Extension of Tax Return Filing Date on behalf of our clients Assist to draft a letter reply to enquiry from the Inland Revenue Department Objection and Appeal of Tax Assessment assessed by Inland Revenue Department on behalf of our clients

Let us to be your Taxation Consultant to start saving your tax payments, so send us enquiry form for your company's tax planning now!