How do local and foreign employees in Hong Kong file for tax clearance?
The tax clearance process for local and expatriate employees in Hong Kong involves these steps:
- Preparation of the IR56B form – AYP will prepare and report the employee’s taxable income using the IR56B form.
- Submission of the IR56B form – After the IR56B form is approved by the employer, it is submitted electronically through the IRD’s online platform.
- Generation of the Final Control List – the employer must sign a Final Control List generated upon submission.
- Submission of the year-end tax: AYP submits the year-end tax calculated based on the IR56B form to IRD.