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My Hong Kong Company only opens account at bank, to collect and pay bills for other China Company, then does this Hong Kong Company need to process accounting, auditing and tax declaration?

April 26, 2017account Bank bills China collect COMPANY hong kong opens pay process

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My Hong Kong Company only opens account at bank, to collect and pay bills for other China Company, then does this Hong Kong Company need to process accounting, auditing and tax declaration?

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A： Yes. Because company incorporation is profit-oriented, even if Hong Kong only performs the role of collecting and paying for others, the company shall be deemed as agency service business, and the income shall be the commission for collection and payment for others.