{"id":92149,"date":"2024-01-04T09:26:39","date_gmt":"2024-01-04T01:26:39","guid":{"rendered":"https:\/\/premiatnc.com\/hk\/?p=92149"},"modified":"2024-09-16T11:44:52","modified_gmt":"2024-09-16T03:44:52","slug":"employers-return-hong-kong","status":"publish","type":"post","link":"https:\/\/premiatnc.com\/hk\/blog\/employers-return-hong-kong\/","title":{"rendered":"Employer\u2019s Tax Return In Hong Kong"},"content":{"rendered":"\n
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Tax is a key part of the business that every potential business owner in Hong Kong needs to be familiar with. You need to understand all relevant information to set up or expand your business into the Asian market via Hong Kong<\/a>.<\/p>\n\n\n\n

One of your obligations as an employer in Hong Kong is the employer\u2019s tax return. To that end, here is everything you need to know about an employer\u2019s return Hong Kong.<\/p>\n\n\n\n

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What Is The Employer\u2019s Return Form (IR56B)?<\/h2>\n\n\n\n

The Employer\u2019s Return of Remuneration and Pensions is popularly known as the employer\u2019s return Hong Kong. The IR56B is one of the forms employers receive annually from Hong Kong\u2019s Inland Revenue Department (IRD), sent out in April.<\/p>\n\n\n\n

The IR56B is used to determine employee salaries, aiding in tax assessment for the previous year. In keeping with this theme, the IR56B will contain information about the employee, payment information and nature of employment.<\/p>\n\n\n\n

You are required to provide any payment information relating to all your employees<\/a>. Fringe benefits, bonuses, allowances, overseas income and any other payment from the company must be disclosed in the form.<\/p>\n\n\n\n

Any employer with a registered business in Hong Kong is mandated to fill out this form. You will be required to fill an IR56B for everyone in your employ. The details expected in the form include:<\/p>\n\n\n\n