Salaries Tax

Personal tax in Hong Kong may not be as straightforward as one may think. There are various tax reporting and notification obligations with stipulated deadlines imposed to different parties, including employer and employee, under the Hong Kong tax law. Individual taxpayers may also minimise their tax burden by claiming tax deductions, personal allowances and/or exemption provided in local tax regulation or double tax treaty.

We can assist with providing tax advisory services to both employer and individuals regarding their personal tax obligations. In addition, we can review and explore for clients opportunities for reducing the tax liability in a legal and acceptable way. If necessary, we can assist our clients to prepare tax projections where their can well manage the cash flow for tax payment in advance. In summary, we can assist with:

  • individual tax returns
  • employer’s tax filings
  • lodging objection against tax assessments
  • handling tax enquiries from the tax authorities
  • housing allowance / rental reimbursement programmes

Tax Clearance Services

According to the Inland Revenue Ordinance, where an individual, who is chargeable to tax, intends to depart from Hong Kong for good or for a period exceeding one month, he/she is obliged to notify the Hong Kong Inland Revenue Department (IRD) not later than 1 month before the expected date of departure and clear all the tax issues with the IRD before his/her departure. His/her employer also has the informing obligation by filing the Form IR 56G to the IRD also not later than 1 month before the expected date of departure.

Our Hong Kong tax professionals can assist with the following:

For individuals

  • Preparing and submitting a letter to the IRD to notify his/her departure from Hong Kong;
  • Preparing and filing all the outstanding individual tax returns and tax computations to the IRD;
  • Handling tax enquiries raised by the IRD;
  • Applying for tax clearance and letter of release with the IRD; and
  • Assisting in arranging withdrawal of contributions made to the mandatory provident fund (MPF) scheme in Hong Kong.

For employers

  • Preparing and submitting the Employer’s Return (Form IR 56G) to the IRD;
  • Handling tax enquiries raised by the IRD in respect of the employees; and
  • Arranging the MPF issues.
Specific questions? We are happy to help you. Contact us

About Us

We all know that the duty to pay tax will always be there. As Hong Kong and Mainland China are emerging markets, sophisticated tax advice in Hong Kong and Mainland China has become increasingly in demand with a view to mitigate the (corporate) income tax within corporate and individual structures.

Further, as a result of pressure from the Organisation for Economic Co-operation and Development (`OECD`), most jurisdictions, including Hong Kong and Mainland China, have decided that Exchange of Information should be part of their tax legal system.

The tax system in Hong Kong is simple but not straight forward. HKWJ Tax Law & Partners Limited’s international/Hong Kong tax consultants are here to assist you with finding the right tax solution for you personally and your companies by means of offering Mainland China and Hong Kong tax consultancies’ services including international tax consultancy services. Our international/Hong Kong tax consultants are also specialised in providing other tax services, such as resolving tax disputes between the Mainland China/Hong Kong tax department (Hong Kong tax office) and clients. In Hong Kong, apart from Hong Kong tax services in respect of consultancy and compliance, we are here to assist you also with your accounting issues and carry out process agent services at the same time.

Please feel free to contact us if our tax advice in Hong Kong and Mainland China and/or internationally is required! Our international/Hong Kong tax consultants, including a tax lawyer and a senior Hong Kong tax consultant are looking forward to solve your problems!

Contact Us

Our People

Willem Jan Hoogland

Partner Get in touch

David Lo

Senior Tax Manager Get in touch

Andy Ma

Accountant Get in touch

Lucas Ting

Senior Tax Advisor Get in touch

Annie Choi

Company Secretary Get in touch

Testimonials

Thank you for your help regarding this matter it has been very much appreciated. I am extremely happy with the advice, speed and professionalism you and your firm have provided for me!

Latest news

Termination of the Shipping Income Tax Agreement Between the United States and Hong Kong

21 August 2020

On 19 August 2020, the government of the United States (“the US”) announced that the agreement in respect of double taxation relief on income derived from the international operation of ships entered into between the US and Hong Kong (“the Agreement”) has been terminated. Pursuant to the Agreement, which has been effective since 1989, income… read more

Tax Incentives in the Greater Bay Area and Free Trade Zones/Port in Southern China

7 July 2020

Pursuant to a co-operation framework agreement entered into in July 2017, Hong Kong, Macau and nine municipalities in the Guangdong Province of Mainland China including Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing have strategically integrated to form the Greater Bay Area (“GBA”), with a view to develop the region as a world-class… read more

Did you receive THE Green Envelope? Tips on the 2019/20 individual (salaries) tax return

7 June 2020

Individual Tax Return Filing for the Year 2019/20 The Hong Kong Inland Revenue Department or simply the Hong Kong Tax Authority (“IRD”) has now issued the year 2019/20 individual (salaries) tax returns (yes, that green envelope) for completion. Lodgement of tax exemption claims Individuals are obliged to report their relevant income in their individual tax… read more

Tax Consequences on Termination Payments

18 May 2020

Introduction Due to the COVID-19 pandemic, many industries, such as aviation, tourism, hotel, hospitality, retail and catering, have been severely impacted. As a result, various employees, such as pilots and salesmen, have been dismissed by their employers. Some of those employees may be entitled to termination/redundancy/severance packages from their employers, such as a reward for… read more

See all news items