🧮 🇭🇰 Gross to Net Payroll — Hong Kong (PYHK) | SAP ECP

Module: PYHK | Molga: 22 | Currency: HKD | Group: APAC

Includes: MPF (5%+5% capped HKD 1,500) | Salaries Tax (2–14%) | IR56B | 3 case studies

🧭 Pipeline: Gross (/101) → MPF EE → Net (/560) [No employer WHT for residents]

📌 Configuration Anchors

• MPF (Mandatory Provident Fund): 5% EE + 5% ER, each capped at HKD 1,500/month

• Relevant income ceiling: HKD 30,000/month; floor HKD 7,100

• Salaries Tax: 2%/6%/10%/14% progressive OR 15% standard rate (lower applies)

• Employer does NOT withhold monthly tax — employee files own return

• IR56B: annual employer return to IRD by May 1

• MPF offsetting (severance): phased out post-May 2025 transition

👥 Case Studies

🏷️ Key WTs: HK01 Salary | /3M1 MPF EE | /560 Net