What is MPF The Mandatory Provident Fund was formally implemented in December 2000, which is a mandatory saving retirement protection system to ensure that the
When a Hong Kong company employs an employee, the employer has various taxation obligations, in particular the completion of Hong Kong employer’s tax forms. Employers
Miss Ho is a newly hired HR of a chain store. She is mainly responsible for the company’s personnel file and MPF contribution, etc. The
Note for new boss /HR: MPF contribution calculation, this article will teach you how to disassemble MPF calculation method and how to calculate contributions in
For employers, it is easier to calculate the amount of MPF for employees with a monthly salary. If the monthly salary is more than $30000,
As long as you are in Hong Kong, you must have heard of MPF (Mandatory Provident Fund Schemes), which is a retirement protection policy. Except
Employers in all industries should enrol their regular employees in an MPF scheme within the first 60 days of employment. If you have full-time employees,
It is often asked that I am the owner of the restaurant or an HR of an interior decoration company and will ask a few
When making MPF contributions, “relevant income” is always mentioned. The most common one is the relevant income x 5% amount of mandatory contributions payable by
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