Salaries Tax

Personal salaries 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.

 

Salaries Tax

 

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 programs

 

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.

 

Contact us to learn more about our services

 

Contact

Specific questions? We are happy to help you. Contact us

About Us

HKWJ Tax Law & Partners Limited is an international boutique firm providing its clients tailor-made tax services, audit, accounting & company incorporation and advisory services in Hong Kong and around the globe. HKWJ Tax Law & Partners Limited is a proud member of the HKWJ Group.

Our Services

Our services include not only tax law advice on beneficial structures for corporations and private individuals, but also tax compliance services, such as Hong Kong tax returns, Hong Kong employers returns and Hong Kong transfer pricing documentation. When required, we assist our clients with their tax disputes, investigation or litigation that may arise during the course of their businesses or their private life. Within the HKWJ Group, various other services are provided such as business advisory, consultancy services, digital marketing, and human resources solutions.

In addition, we are much more than a tax firm as we offer accounting & audit services, incorporation of company & company secretarial services and process agent services. All our services are carried with the utmost confidentiality and respecting our strict privacy policy.

Our Vision

The tax system in Hong Kong is simple but not straight forward. Globalisation has resulted into Hong Kong accepting various international tax standards, making its tax laws more complicated. At HKWJ Tax Law & Partners Limited, we are guiding our clients through this challenging tax law climate, thereby contributing to the growth of their success. Only together, we all grow.

Our People

Our accountants and tax law advisors have all a professional background in either accounting or tax laws and gained in-depth accounting & tax knowledge from large accounting & law firms. As your trusted accounting and tax advisor, we can make your taxes issues less stressful and worrisome, and hopefully, make them even go away. In addition, our in-house consultants can assist with business advisory services, risk management, compliance, digital marketing, and human resources solutions.

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Our People

Willem Jan Hoogland

Partner Get in touch

Lucas Ting

Senior Tax Advisor Get in touch

Samuel Fung

Senior Tax Advisor Get in touch

Andy Ma

Accountant Get in touch

Annie Choi

Company Secretary Get in touch

Wistar Wong

Accountant Get in touch

Mei Shu

Marketing Manager 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!

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