CentreO Blog

On 30^th September there is a dress casual day to raise money for CHARITY!

“The idea to dress casual on a working day to raise funds for charity originated from the United States. The Community Chest first introduced this idea to Hong Kong in 1993.

Dress Casual Day is a popular fund-raising event. The number of participants is increasing every year. In order to increase the involvement of the participants in the event, different competitions are held every year. All the participating organizations and schools also carry out some internal functions to show their support.

Over HK$18 million was raised last year, let’s do it again and bigger this year! Centre O Connect business centre is in full support of this.

Everyone should join in!!!

3 days later after our new office smelling incident… we have come to a conclusion of the use of a pineapple….

It was a Success! We used one of our external staff to come into our new office before we laid out the pineapples and he agreed that the smell was quite potent from the new furniture. We asked him to come back over a period of time and see if he noticed a difference in smell. He said that there was substantial improvement. We also noticed a difference.

So if you have some sort of bad odor in your office or workstations, maybe planting a pineapple could do the job. You never know…

With fresh new furniture and equipment straight from the packaging, they seem to always leave a potent smell for a while. We had a few clients come in today to view our brand new office in Sheung Wan, however, what was sweet to the eye wasn’t sweet to their nose. They enjoyed looking around the fully furnished offices and atmosphere, but the smell was off-putting which can be a client’s main worry.

Through thorough research into what a cheap and quick solution could be, we found that the natural use of a pineapple cut open was apparently a way to absorb bad odor.

We have put this into practice, stay tuned for an update on our progress and whether it has worked…

So how do you apply for Offshore Tax Exemption Claim?

In general, the claim for offshore tax exemption is lodged together with the submission of the first profit tax return.  For newly incorporated company, the first profits tax return notice will be issued by IRD in 18 months after the date of incorporation.

The profits tax return has to be filed together with the following documents:

♦	A certified copy of the Financial Statement and Profit and Loss Account/ Income Statement;
♦	Auditor’s Report;
♦	A tax computation with supporting schedules showing how the Assessable Profits is arrived at;
♦	Offshore tax exemption application on the Profit Tax Return Form.

IRD will normally request the company to provide additional information and documents to support the claim.  IRD may review randomly selected transactions and check whether the various activities involved in these transactions took place offshore.

It is therefore advisable to keep complete transaction records to illustrate the fact that all activities took place outside Hong Kong such as:

♦	organizational chart showing location of offshore operation
♦	emails, faxes & itemized telephone bills showing to which numbers calls are made to clients / suppliers
♦	memos of meetings with customers and suppliers
♦	travel receipts & passport copies showing locations and dates of visit
♦	purchase orders, sales orders and shipping documents

For more info – drop us a line at sales@centreo.hk

New social networking event #Learning and #Sparkling in our new office in #SheungWan #oconnect on the 23^rd September. Everyone come along for a great fun night! With lovely sparkly beverages and a chance to win some vouchers for Vanguard!

#centreo #businesscentre #businessservices #lyoness #CRVguard