Tax Clearance in Hong Kong

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:

  1. Preparation of the IR56B form – AYP will prepare and report the employee’s taxable income using the IR56B form.
  2. Submission of the IR56B form – After the IR56B form is approved by the employer, it is submitted electronically through the IRD’s online platform.
  3. Generation of the Final Control List – the employer must sign a Final Control List generated upon submission.
  4. Submission of the year-end tax: AYP submits the year-end tax calculated based on the IR56B form to IRD.