Start-up: What are the minimum payroll requirements for an Employer?

In Hong Kong, the minimum compliance requirements from Employers' perspective are:1) Complying with Hong Kong Employment Ordinance2) Fulfilling minimum wage requirement (HK$37.5 per hour since 1 May 2019)3) Contributing Mandatory Provident Funds (MPF) for employees4) Taking out Employees Compensation Insurance5) Issuing Payslips to employees6) Filing Employer's Returns to the tax authority7) Keeping proper payroll recordsAgendaCorp [...]

By |2021-05-25T23:19:02+08:00April 23rd, 2015||Comments Off on Start-up: What are the minimum payroll requirements for an Employer?

Rest days, Holidays & Leave: How many days are employees entitled?

REST DAYS An employee employed under a continuous contract is entitled to not less than 1 rest day in every period of 7 days. STATUTORY HOLIDAYS An employee, irrespective of his length of service, is entitled to the following statutory holidays: 1) the 1st January 2) Lunar New Year's Day 3) the second day of [...]

By |2016-12-08T15:49:32+08:00April 23rd, 2015||Comments Off on Rest days, Holidays & Leave: How many days are employees entitled?

MPF: What are the requirements?

Employee and Employer Employees and employers who are covered by the MPF System are each required to make regular mandatory contributions calculated at 5% of the employee’s relevant income to an MPF scheme, subject to the minimum and maximum relevant income levels. For a monthly-paid employee, the minimum and maximum relevant income levels are $7,100 [...]

By |2016-12-08T15:49:32+08:00April 23rd, 2015||Comments Off on MPF: What are the requirements?
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