Module: PYHK | Molga: 22 | Currency: HKD | Group: APAC
Key Statutory Facts
Parameter | Value |
MPF EE | 5% capped HKD 1,500/month |
MPF ER | 5% capped HKD 1,500/month |
OW Ceiling | HKD 30,000/month relevant income |
OW Floor | HKD 7,100/month (below: ER only) |
Salaries Tax | 2–14% progressive / 15% standard rate |
IR56B | Annual return to IRD by May 1 |
Offsetting | MPF offsetting phased out post-2023 |
6×6×6 Framework Summary
- Ch.1: MPF trustee registration, IR56B setup, PYHK activation
- Ch.2: MPF relevant income bands (floor/ceiling), trustee fund codes
- Ch.3: PTP, HKID mapping, MPF account, offsetting flag (pre/post 2023)
- Ch.4: MPF PCR (5% each; ceiling HKD 1,500; floor HKD 7,100 threshold)
- Ch.5: MPF remittance by 10th of following month, IR56B/IR56F generation
- Ch.6: MPFA portal test, IR56B IRD validation, long service vs severance UAT
PPTX Guide
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PYHK_HK_SAP_ECP_Complete_Guide.pptx — 50 slides