Hong Kong Work Visa Renewal: Extension and Application Process Explained
Employment Visa Renewal Application Work visa holders with a valid Hong Kong work visa can apply for an extension or renewal of their work visa if they wish to continue their professional career in Hong Kong and remain employed. Typically, the initially issued work visa has a validity period of 24 months (2 years), and […]
Completion and Filing of Tax Return – Individuals (BIR60)
When to file BIR60 (1) Time limit for filing Tax Return – Individuals should be filed: (2) Extension of time for filing (a) Block Extension Scheme for taxpayers who have appointed a tax representative : Under the Block Extension Scheme, an extension of time for submission of Tax Return is granted to those individual taxpayers […]
Hong Kong Salaries Tax and Personal Income Tax: Detailed Analysis of Tax Filing, Tax Rates, Tax Exemptions, and Tax Deductions
Hong Kong’s Salaries tax and personal income tax in Hong Kong refer to the taxation of an individual’s income. The following are some important information and explanations about Hong Kong’s Salaries tax and personal income tax. Employee’s Salaries Tax Filing Return Basic Information: Tax Return Form: The 2022/23 “Individual Tax Return” has been issued […]
Employer’s Tax Return (IR56AB) – Company Assists Employees with Tax Filing | What are the Employer’s Tax Responsibilities?
As a new tax year begins, employers are required to submit an “employer’s return” to the Inland Revenue Department (IRD) for their employees. Many people misunderstand that the employer’s submission of the application form is equivalent to the company paying the employee’s salary tax, but they are two separate things. On the first working day […]