Hong Kong Payroll Service
Skip to:
Hong Kong Payroll Service
An employer in Hong Kong must keep and maintain payroll records of the employees for at least 7 years and report remuneration paid to employees by submitting an annual Employer’s Return to Hong Kong Inland Revenue Department.
The Employment Ordinance in Hong Kong covers all employees and provides broad rights and protections in respect of contract terms, statutory holidays, Mandatory Provident Fund (MPF) payments, sick and maternity leave, and severance and long-service payments.
Your Hong Kong Payroll Partner
By outsourcing payroll, you can save time & resources on it and you can focus on your own businesses. TNC offers outsourced payroll service that is tailored to each client’s specific requirements. We will ensure that payroll summary is made accurately and on time. Please contact us for more details
Our Payroll Services
-
Computing gross to net salary, MPF contributions
-
Issuing payslips
-
Maintain of personnel records
-
Preparing and submitting Employer’s Tax Return Forms.
-
Preparing and submission of Employee’s Individual Tax Returns
-
Calculation of salaries tax payable under a tax scheme
FAQs for Hong Kong Payroll Service
1. WHO ENTITLED TO BASIC PROTECTION UNDER THE EMPLOYMENT ORDINANCE
An employee who has been employed continuously by the same employer for 4 or more weeks, with at least 18 hours worked each week, is regarded as being employed under a continuous contract. This employee is entitled to basic protections under the Employment Ordinance.
2. WHAT IS WAGES INCLUDED?
Wages means all remuneration, earnings, allowances, tips and service charges under an employment contract. Allowances including travelling allowances, attendance allowances, commission and overtime pay are within the definition of wages.
An employer should pay salary to an employee no later than 7 days after the end of the salary period.
3. WHO CAN ENTITLE THE REST DAYS, HOLIDAYS AND LEAVE
An employee should enjoy rest days, statutory holidays, and paid annual leave during employment. Employees are entitled to annual leave with pay after having been employed under a continuous contract for every 12 months.
4. HOW TO CALCULATE MANDATORY PROVIDENT FUND (MPF) SCHEME
An employer must comply with obligations under the MPF Ordinance. An employee and his/her employer are both required to contribute 5% of the employee’s relevant income which is capped at a maximum of HK$1,500, as mandatory contributions for and in respect of the employee to an MPF scheme.
Contact us now to hire payroll services in Hong Kong.
Do you need more information?
You may refer to these Hong Kong business expansion guides to find out more:
Hong Kong Taxation System
Hong Kong tax regime is well known for its attractive corporate and personal tax rates.
Hong Kong Taxation Service
Ensure that your Hong Kong business is compliant with local tax laws and regulations.
Hong Kong Accounting and Auditing
Outsource your business accounting to an experienced firm. Contact us to learn more.