Employer And Employee Tax Filing in Hong Kong
Employer must complete the return and lodge with Inland Revenue Department (“IRD”) within 1 month from the issue date of the return even if no employee was hired during the year or the business has not commenced.
IRD normally issues Employer’s Return on the first working day of April.
Employer’s Return and all the Forms IR56B must be signed by the same responsible person. For a limited company incorporated in Hong Kong, they must be signed by the employer’s director, company secretary or manager.
Tax Return - Individuals
Let’s turn to employee tax filing.
Employee should report income, before deducting mandatory contributions to recognized retirement schemes (“MPF”), received or receivable during the year.
Income includes income from an office, full-time or part-time employment or pension from a former employer.
Even if full or partial tax exemption is claimed for offshore nature, the gross amount should be declared. Then, employee should fill in the amount to be excluded in the return and complete the Appendix to the return.
Same as Employer’s Return, the reporting period is from 1st April to 31st March of the following year.
Employee must complete the return and lodge with IRD within 1 month from the issue date of the return.
IRD normally issues Individual Tax Return on the first working day of May.
Employee can claim for eligible deductions, such as approved charitable donations and contributions to MPF, and eligible allowances, such as married person’s allowance and child allowance, in the return.
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What is the definition of a small business entity in Taiwan? There are 4 criteria of a small business entity as below. The business scope is small. The monthly sales amount is lower than NTD$200,00. The monthly sales have been verified by the tax authority. Subject to tax registration if start to run the business. The VAT rate is 1% of the monthly sales. For example, if your monthly sales are NTD$80,000, you will be subject to NTD$800 per month and the payment should be made on a quarterly basis.
대만 내 소기업의 정의는 아래와 같이 총 4가지입니다. 사업 범위가 작으면서,월 매출액이 NTD 200,000이하이며, 세무 당국에 의해 월 매출액을 확인 받은 기업이며, 사업 시작 시 세무등기 등록 대상인 기업입니다. 부가가치세율은 월 매출액의 1%입니다. 예를 들어 월 매출액이 NTD 80,000 에 따른 부가가치세는 NTD 800이며, 매 분기(3개월)마다 납부해야합니다.
대만에서 개인사업자로서 사업을 영위하며, 소유한 건물 및 주택을 사업에 이용하실 수 있는데요. 이와 같은 경우, 소유한 주택에 관련된 비용이 모두 손금에 산입할 수 있는 항목일지 아래 글을 통해 알아보겠습니다. 국세국에 따르면 개인사업자가 본인 소유의 주택을 사무실, 의료 및 진료 시설 등으로 사용하는 경우 토지가치세, 가옥세 및 주택 일부에 대한 감가상각비를 사업을 위해 사용된 비용으로 공제가 가능하나, 임차비용으로는 처리될 수 없습니다.
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