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The Mandatory Provident Fund ( Chinese: 強制性公積金 ), often abbreviated as MPF ( 強積金 ), is a compulsory saving scheme ( pension fund) for the retirement of residents in Hong Kong. Most employees and their employers are required to contribute monthly to mandatory provident fund schemes provided by approved private organisations ...
Salaries tax is a type of income tax that is levied in Hong Kong, chargeable on income from any office, employment and pension for a year of assessment arising in or derived from the territory. For purposes of calculating liability, the period of assessment is from April 1 to March 31 of the following year. Salaries tax is also charged on the ...
10% CASS, taxable sum capped at 12 minimum wages per year, e.g. you pay a maximum of 2280 RON as CASS contribution in 2018 if you earn over RON 22,800 for the whole year) 10% income tax [ 186 ]
The Minimum Wage Ordinance Cap. 608 is an ordinance enacted by the Legislative Council of Hong Kong to introduce a minimum wage in Hong Kong in July 2010. [2] The executive branch proposed a minimum wage of HK$28 (~US$3.61) per hour in November 2010, which the Legislative Council voted to accept after much debate in January 2011.
Salaries Tax. The wages and incomes received from employment are subjected to tax. Income tax rate in Hong Kong is 2% when net taxable income is from 1 to 50000 Hong Kong dollars, 6% when net taxable income is between 50001 and 100000 Hong Kong dollars, 10% when net taxable income is between 100001 and 150000 Hong Kong dollars and 14% when net ...
In November 2010, legislators of the Hong Kong SAR Government agreed to set a minimum wage level of HK$28.00 (UK£2.29 or US$3.60) per hour, which came into force on 1 May 2011. [12] Effective 1 May 2013, this was raised to HK$30.00 per hour. Effective 1 May 2015, the minimum wage was raised to HK$32.50 per hour.
The Hong Kong Special Administrative Region Honours and Awards System. Created since the Handover of Hong Kong in 1997, the Hong Kong honours system is a community-wide honours for which civil servants with great contribution to the public will be nominated. Awardees will receive recognition and awards from the Chief Executive.
The Government of the Hong Kong Special Administrative Region, [1] commonly known as the Hong Kong Government or HKSAR Government, is the executive authorities of Hong Kong. It was formed on 1 July 1997 in accordance with the Sino-British Joint Declaration of 1983, an international treaty lodged at the United Nations .