Thursday 12 January 2017

Hong Kong Updates- Tax/ Minimum Wage

Tax

Certificates of residence
The Hong Kong Inland Revenue Department (“IRD”) advised that 90% (out of
3,000) applications for certificates of residence (required in order to claim tax
treaty benefits) had been approved.

However, the IRD also advised that, as the issuing of such certificates is an
administrative process, and does not exist under a statutory provision, those
applications refused would have no course to judicial review of the application.

Minimum Wage

Hong Kong’s Statutory Minimum Wage will increase from HK$32.50 per hour
to HK$34.50 per hour with effect from 1 May 2017.

To reflect the change, the related cap above which an employer is not required
to keep a written record of hours worked will also be increased (to HK$14,100
per month).



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