Q:
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Do I need to file an Employer’s Return for myself if I am a company director?
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A:
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Yes, company directors are to be considered as employees. As such, the personal particulars and details of their remuneration package must also be disclosed in the Employer Return.
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Q:
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How can I pay myself salary if I am the company director?
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A:
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Company directors may be remunerated for their services in either a salary or a director’s fee. A salary is a fixed regular payment., typically paid on a monthly basis. Director fees are paid at the end of a financial year, upon the Company’s shareholders approval and review of the performance of both the company director and the company.
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Q:
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Do I need to file an Employer’s Return for the staff that has been terminated?
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A:
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Upon the termination of an employee, you must file an Employer’s Return for the terminated employee in question, specifically Form IR56F.
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Q:
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Do I need to file an Employer’s Return for my part-time staff and freelancers?
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A:
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A Hong Kong Employer is obligated to report the remuneration details paid to not only full-time employees, but also part-time staff and freelancers. Part-time staff and their remuneration should be disclosed in IR56B. However, to the extent that the Hong Kong Employer has also engaged freelancers, they may be required to complete and submit Form IR56M.
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Q:
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What should I do if my employee is leaving Hong Kong for good?
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A:
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If the employee of a Hong Kong company will be leaving the city on a permanent basis, you should complete IR56G not later than 1 month before the employee’s date of departure.
It is important to note that a Hong Kong employer should not make any payment of money or any other form of remuneration to the employee in question, for a period of 1 month from the date of notice on the IR56G.
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FAQ
