Module: PYHK | Molga: 45 | Currency: HKD | Region: APAC
Field | Detail |
Statutory | MPF (5%+5% capped HKD 1,500), Salaries Tax, IR56B/E/F, eMPF |
Tax | Standard Rate 15% or Progressive 2-17% |
Key Feature | MPF eMPF Platform & Salaries Tax |
Pay Frequency | Monthly |
Banks | HSBC HK, Bank of China HK, Hang Seng Bank |
Hong Kong-Specific Configuration
MPF (Mandatory Provident Fund)
- MPF rate: 5% EE + 5% ER on relevant income
- Mandatory contribution cap: HKD 1,500/month (based on HKD 30,000 ceiling)
- Minimum relevant income: HKD 7,100/month
- eMPF Platform migration: All schemes migrating to eMPF platform by 2025
- Configure IT0169 for MPF scheme, trustee, and employee account
Salaries Tax
- Standard Rate: 15% flat on net chargeable income
- Progressive rates: 2% (0-50K), 6% (50-100K), 10% (100-150K), 14% (150-200K), 17% (>200K)
- Annual Assessment: Employer files BIR56A (Employer's Return) + IR56B (Employee) by April 30
- IR56E: employer notification of new employment (within 3 months)
- IR56F: employer notification when employee ceases employment
Chapter 5.5: HK Statutory
- Mandatory Provident Fund monthly contribution and enrollment
- IR56B: annual salary return to IRD for each employee
- eMPF submission: electronic MPF contribution data
- Statutory Holiday Pay: 13 statutory holidays per year
- Severance Pay: 2/3 month salary × years of service (for redundancy); maximum HKD 390,000