Overview of Payroll in Hong Kong 2020
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Country
Hong Kong
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Material Year
2020
An overview of processing payroll in Hong Kong
Much of the legislation that employers must follow is detailed in the Employer Ordinance – where the concise guide has 13 chapters and 2 appendices. Whilst these guides are quite easy to follow they highlight that employers have a wide range of obligations which impact on payroll including very specific record keeping.
There is also a wide range of tax treatments for different scenarios including the various reasons for leaving employment, the salaries tax, social security, plus the Payroll Mandatory Provident Fund (MPF).
Having attended this course delegates will have confidence that they understand the fundamentals of payroll processing in Hong Kong, are clear about employer obligations including those for Hong Kong residents and non-residents, know what they need to do on a periodic and annual basis, can answer employee queries and check payslips.
Even if payrolls are outsourced it is still the employer’s responsibility to ensure all obligations are met and that income tax and social security are correctly processed. This course not only gives you the information you need to be compliant but also ensures you know exactly what information should be given to a payroll provider and the various tasks they should be completing on your behalf.
This course consists of:
Module One
- Business Culture
- Setting us a business in Hong Kong
- Employing people
- Contracts of Employment
- Termination of Contract of Employment
- Deductions from Wages
- Non Statutory Deductions from wages
- Payment of Wages
- Failure to Pay Wages
- Payment in Lieu of wages
- Notice Periods
- Payslips
- Minimum Wage
- Starters and Leavers
- Hiring Employees
- Leavers
- Final Termination Payments
- Mandatory Provident Fund
Module Two
- Tax
- Annual Returns
- Statutory holidays 2020
- Annual Leave
- Holiday Pay
- Rest Days
- Sickness
- Maternity Leave
- Paternity Leave
- Record Keeping
- Data Protection
Other means of training
Click here to attend the course in classroom
Click here to attend the course virtually
For further information contact us on 0203 751 1510 or training@globalpayrollassociation.com