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).



***
Primasia will post the updates of Hong Kong and China from time to time. Follow us on our WebsiteBloggerLinkedIn and stay tunned for our updates!

=================================================================

Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
--------------------------
Follow us on:
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

No comments:

Post a Comment