In this article, we look to explain what a Hong Kong MPF is and what are the contribution rules and regulations that employers must consider before hiring their first employee. What you will learn from this article: 1. What is an MPF in Hong Kong? 2. What are an employer’s obligations...
Where the manager is not incorporated and does not have a place of business in Hong Kong, the fund is required to appoint a Hong Kong representative responsible for,inter alia, receiving applications/redemption/conversion notices, providing holders with information on the fund, including the fund’...
By clicking the “Accept” button, you represented that you have read and understand the content of “Important Notes and Risk Disclosure Statement” before viewing the webpage of Bank of China (Hong Kong) Limited (the “Company”): Disclaimer and Important Notes: Reminder: To borrow or not ...
Reports the confusion of Hong Kong employees concerning the Mandatory Provident Fund (MPF) introduced in December 2000 by the Hong Kong government. Objectives of the MPF; Individual contributions by employees and employers under MPF rules; Number of people who have already enrolled in an MPF scheme...
Chapter 1 Getting Started with Global Payroll for Hong Kong Global Payroll for Hong Kong Overview Global Payroll for Hong Kong delivers elements, rules, pages, processes, and reports that work with the PeopleSoft Global Payroll core application to form a complete payroll package for Hong Kong. Gl...
When setting yourself up as an employer in Great Britain it is important to ensure that you understand and follow all the relevant rules. This Inbrief summarises the main legal obligations and administrative requirements that apply to new employers. Please note that this Inbrief does not ...
Hong Kong employment laws prohibiting discrimination in the recruitment of employees are codified in the Sex Discrimination Ordinance, the Disability Discrimination Ordinance, the Family Status Discrimination Ordinance and the Race Discrimination Ordinance. Together, these anti-discrimination laws prohibit direct...
The authors are right. Some fiscal rules don’t work very well. As I stated in the interview, balanced budget requirementstend to be ineffective. Spending caps, by contrast, have a decent track record. The Mercatus study looks at Hong Kong. ...
MPF registration and submission Drafting for employment contract Work passes and Permanent Residency (PR) application Enrolment of employer's compensation insurance Medical insurance for staff Recruitement services Our local experts will help you navigate Hong Kong employment rules and regulations so you ca...
As with all things tax, the rules are complex, so do get professional advice if you’re not sure about how to pay taxes on your long service benefits. Is long service payment subject to MPF? An employer can offset some or all of the long service payment they’re required to pay agains...