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2016-03
2016-03

@mxgrn

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🎖5yrs | Web developer and digital roamer since 2008. Author of @netzke (Sencha Ext JS + Ruby on Rails). Life hacker and common sense devotee.


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 21 Mar '164mo10 Jul '1610 Jul '16
21 Mar '16

Kiev

7°C
Ukraine

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Has anybody with a Hong Kong company been through an Offshore Profits claim?

 

in Hong Kong by @prof |  | 23 comments

I’ve just hit the 18-month mark of business in Hong Kong ready to submit by first Profit Tax Return. I also have the option of filing an Offshore Profits claim.

The Offshore Profits claim itself seems to be a convoluted, long drawn-out process with significant costs to bare in working with a certified CPA to answer Inland Revenue Department questioning.

I’d love it if somebody who has been through this already were able to answer the following questions:

  • How long did it take for the claim to be accepted or denied?
  • What was the end result?
  • How much did the IRD dig into each transaction?
  • How much did you pay your agent to deal with the offshore claim?

Any insights are much appreciated! :slightly_smiling:

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