Generating ir56f tax form make sure you have completed following sessions l how ecpayroll system handles hk taxation. Tax returnindividuals for 201920 will be issued on 4 may. Essentially, the er and associated forms ir56b efgm are the methods by which the inland revenue department ird collects salary and pension information about employees upon which each individuals tax calculation and returns are issued. It can be done by printing the ir56f report and send to the inland revenue department ird by post or delivery in person. Export ir56b data for ird ir56b software ecpayroll. Ir56b efgm direct keying ir56b f upload ir56b f upload b data file prepared by i direct keying ii ir56 forms preparation tool iii ird ir56b software version 4. You must generate several reports to comply with hong kong legislative payroll requirements. However, to complete the whole submission process, you have to pass the control list printed after uploading a data file via the mixed mode to an authorized signer for signature on all the pages. The ir56 forms preparation tool preparation tool is a webbased application developed by the department to provide a convenient way for employers to prepare up to 800 sets of ir56b or ir56f record in one single data file. Ir56b this form must be submitted yearly for ird to calculate the tax contribution for your employees.
The ir56bs must be submitted to the internal revenue department together. Actually, it is a process of file export and import. It can be done by exporting those required data from ecpayroll system to the ir56b software provided by inland revenue department ird. Peoplesoft enterprise global payroll for hong kong 9. Relevant income means the taxable income excluding rent refund in respect of the. In hong kong, employers are required to submit the tax information of the staffs who are about to be depart from hk, to government at least 1 month before the expected departure date.
Computer section, inland revenue department, revenue tower, 5 gloucester road, wan chai, hong kong 2. Backstage is capable of preparing ir56b employers return of remuneration and pensions, ir56e employee who commences to be employed, ir56f employee who is about to cease to be employed and ir56g employee who is about to depart from hong kong. In hong kong, employers are required to submit the tax information of active staffs to government every year. Hk employers return and ir56 the basics the vox of. Update your employer info and double check all the ir56b forms to ensure that everything is in place. Ir56 are required to make their own paye payments to us. The following are the forms that are mainly used by the employers to give out information to the ird on their employees. Installation and operation guide for ird software for ir56b version. Ir56b is a form that helps the inland revenue department ird to calculate the tax contribution for your employees. Employers tax return filing in hong kong types of forms. Employers returns, also known as bir56a and form ir56b, are reporting disclosures issued annually by the hong kong inland revenue department ird to hong kong employers for the purpose of facilitating the irds correct assessment of the employees salary tax liabilities for period april 1st to march 31st of each year. Once you have completed the form it is important that you print it out as you will not be able to save the information you enter into the form. How to arrange appraisal endofyear payment on termination.
More than 800 by post or by delivery up to 800 by efiling import particulars of employeesrecipients from old ir56 form data file. It serves under ministry of finance to collect taxes in hong kong. To upload the data file via the mixed mode, you are not required to be an authorized signer or etax account holder. Each form has its purpose, which is stated clearly by the revenue inland department. Basic requirements for operating ird ir56b software 6 4. The ir56 creation program maintains the creation date. Covid 19 spot survey implications on total rewards programs. Essentially, the er and associated forms ir56befgm are the methods by which the inland revenue department ird collects salary and pension information about employees upon which each individuals tax calculation and returns are issued. Abss new release myob accounting software myobhkdistributor. Employers can write to the inland revenue department for duplicate annual employers return form bir56a and ir56b or other forms including ir56e, ir56f, ir56m and ir56g. Forms and guides are listed by prefix in alphabetical order and then by number. Spr payroll system is a flexible and high performance software for handling staff information, monthly salary calculation, leave management, annual returns and mpf management.
A summary of the earnings and deductions for each employee. Oct 11, 2019 the hong kong government has different tax forms that the citizens are required to fill for taxation purposes. Use this page to find a form or guide based on its number. Employee tax submission guide in hong kong justlogin.
The data creation process must be run before running these reports. The ir56 forms preparation tool preparation tool is a webbased application developed by the department to provide a convenient way for employers to prepare up to 800 sets of ir56b or ir56f record in one single. Hong kong hr guide tax filing ir56m is part of the hong kong hr guide series. In hong kong, employers are required to submit the tax information of the staffs who are about to be resigned, to government 1 month prior to the cessation of employment. Create a flat file that complies with hong kong inland revenue department requirements for the submission of electronic files. Please note that most income items are taxable in hong kong, except for some compensation items exempted by inland revenue ordinance, and for severance payment, long service payment and jury fees.
Department of inland revenue introduces online system. Inland revenue have recently updated their guidance on this, issuing interpretation statement is 1601, income tax computer software acquired for use in a taxpayers business. Apr 08, 2019 ir56b is a form that helps the inland revenue department ird to calculate the tax contribution for your employees. Submit ir56b to ird from talenox talenox knowledge centre. Print ir56b for ird from talenox talenox knowledge centre. To submit ir56b to inland revenue department ird, you can refer to the guide below or follow these steps. Annual employers returns simplepay online payroll software. Hong kong company maintenance and compliance guide 7 employers return.
In the system, you can run a report hhkctxb0 to generate this form for all employees. Ir56f namely notification by an employer of an employee who ceases to be employed is the form applicable to staff about. A brief guide to employee tax submission in hong kong. An employers tax return filing in hong kong procedure still goes through the paper filing system, although the inland revenue department ird has been working on electronic submissions through its govhk portal in recent years. In hong kong, employers are required to submit the tax information of the persons other than employees to government every year.
Double check all the ir56b forms to ensure that everything is in place. This form can be completed onscreen by typing content directly into the pdf document. This chapter provides an overview of processing hong kong inland revenue ir56 reports and discusses how to. We offer a onestop hr system which support functions such as payroll, attendance, employees taxation, etc. Is 1601 updates and replaces a 1993 policy statement on the income tax treatment of computer software. To prepare ir56b forms to print for mailing to inland revenue department ird, you can refer to the guide below or follow these steps. Ir56b submission must be done every year in april, and ird will calculate the taxes pertaining to the salary earned from 1st april of the previous year to 31st march of the current year. To submit ir56b to inland revenue department ird, you can refer to the. The inland revenue department is also known as ird which is a hong kong government department. Territorial source many entrepreneurs form hong kong companies to run their ecommerce for tax saving purpose.
Inland revenue department software for ir56b version 4. We also work closely with popular banks such as hsbc, hang seng bank, bank of china, standard chartered, citibank, and more, to ensure smooth bank file transactions. While the tax return filing system in hong kong is not quite fully automated yet, the government has made progress. Such tin is not used as a tax identifier of hong kong tax resident and therefore should not be provided for automatic exchange of financial account. The employers return is issued by the inland revenue department every year for the purpose of reporting the amount of remuneration, including salaries, wages, commission etc, paid to each employee during a year of assessment, that is, for a year running from april 1. If your employee is a foreigner and heshe is leaving hong kong after the cessation of employment, you will need to submit this form 1 month before the expected departure date of this employee. Prepare tax forms ir56e, ir56b, ir56f and ir56g with. Ir56b records in one single data file via removable storage device. Get ready for submission of employers returnnotification electronically. Needless to say, the onus of completing the er on a timely and accurate basis is on the employer. There are several statutory reports that you must generate to comply with hong kong legislative payroll requirements.
It is the obligation of employers in hong kong to generate or fill in ir56b forms for. Their employer does not make the payments on the employees behalf. Installation and operation guide for ird ir56b software. Latest arrangements for public services of inland revenue department press release april 29, 2020 interest on tax reserve certificates press release april 28.
These reports are statutory and report the following information. Inland revenue department software for ir56b version 3. Only profits which have a source in hong kong are taxable here. For data file prepared by ir56 forms preparation tool for ir56b f only ird ir56b software for ir56b only selfdeveloped.
The hong kong inland revenue department ird has announced the. Submission of employers return in computerized format ird. If there is no difference between the two forms, the system does not save the new form, because an identical ir56f exists and has already been submitted to the hong kong inland revenue ordinance ird. To help protect the environment, please opt for receiving electronic notice to file tax return by clicking the link of selecting electronic notices on the right hand side, if you have not yet done so. March 18th, 2015 nassau, bahamas the department of inland revenue would like to advise the public of the introduction of its new online portal for business licence that is coming in april, 2015. It provides the interface with inland revenue department software ir56b in order to simplify the processes between tax management. If there is no difference between the two forms, the system does not save the new form, because an identical ir56b exists and has already been submitted to the hong kong inland revenue ordinance ird. The inland revenue ordinance is one of hong kongs ordinances.
Click the start ir56b generation to generate the ir56b records, make. For tax filing purpose, we have to submit ir56f or ir56g to inland revenue departmentird within 1 month from termination of employment contract or departing hong kong what is the difference between ir56f and ir56g. Apple is good means to find documents having the exact phrase apple is good. The ir56b tax sheets are conformed to the standards from the hong kong inland revenue department.
The inland revenue department ird of hong kong government is one of hong kong government departments which is responsible for the administration of the following hong kong ordinances on taxes and duties and the related rules and regulations. Submission of employers return in computerized format. Inland revenue finalise guidance on computer software. Mar 31, 2020 employers returns, also known as bir56a and form ir56b, are reporting disclosures issued annually by the hong kong inland revenue department ird to hong kong employers for the purpose of facilitating the irds correct assessment of the employees salary tax liabilities for period april 1st to march 31st of each year. This online portal will provide businesses with a simple, userfriendly, online application and payment system. Compatibility with banks, mpfa, inland revenue department. You may refer to the reference below regarding taxable salary items. Choose your rwt deduction rate ir456 inland revenue. The hong kong government has different tax forms that the citizens are required to fill for taxation purposes. Near apple, lemon, 2, false means to find documents having apple within 2 words apart from lemon.
The income reported in an ir56b record should be expressed in hong kong. Ird ir56b software for ir56b only selfdeveloped software preapproved by ird for ir56b f only mixed mode nonauthorized signer nonetax account holder can upload the data file via such mode note 4. Generating ir56m tax form make sure you have completed following sessions l how ecpayroll system handles hk taxation. In hong kong, employers are required to submit the tax information of new join staffs to government within the first 3 months of employment.
You are required to provide your employers file number, company name, the year of assessment for form bir56a and ir56b and your postal address in the request letter. Inland revenue department stamp office 3f, revenue tower, 5 gloucester road, wan chai, hong kong. The ir56b is an annual report generated for tax declaration purposes. Please note that system update has been scheduled to take place daily from 3. Create an xml file that complies with hong kong inland revenue department requirements for the submission of electronic. The ir56b is the employers return of remuneration and pensions for each eligible. Important notes to employers using ird ir56b software 3 5 3. The soft copy of ir56b records must be prepared by the ird ir56b software. As an employer or hr manager, before end of april, you have to submit the ir56b file to inland revenue dept ird, in order to share the employees details in terms of salarywages, bonus, commission and other income, of the past year. If you want to match the order of words, specify near apple, lemon, 2, true a percent sign % can be used to match zero or more characters. Latest arrangements for public services of inland revenue department press release april 29, 2020 interest on tax reserve certificates press release april 28, 2020 jail sentences for two company directors convicted of tax evasion after retrial april 27, 2020. We discuss all aspects of the creation of the data for these inland revenue reports. Hk employers return and ir56 the basics the vox of talenox.
To know more about the tools for preparation of ir56 form data file, please click here. Some people tend to be deployed by overseas companies or seconded to the hong kong company, so in ir56b form, in the employer name column, it should filled in the name of the hong kong companies. The tin shown on the tax returnindividuals and related notice of assessment is solely for login onto etax account and access to the eservices provided by the inland revenue department. The ir56b is applicable to employees, whether resident in hong kong or not. Hr guide pages will be updated continuously and become your best reference at human resources regulations. Choose your year of assessment ya and click on generate ir56b. Hong kong adopts a territorial source principle of taxation. If the employees income is denominated in foreign currencies, in the ir56b form, the amount of which is still has to fill in hong kong dollars. Creating the ir56b file for ird submission carbonik. Generating ir56g tax form make sure you have completed following sessions l how ecpayroll system handles hk taxation. Profits sourced elsewhere are not subject to hong kong profits tax. How to upload completion of employers return ir56b via. This includes all of the pages that enable, generate, and maintain both employee and company identification and biographical data that support the reporting requirements of the hong kong inland revenue department ird.
Form ir56b, are reporting disclosures issued annually by the hong kong inland revenue department ird to hong kong employers for the purpose of. The employers return is issued by the inland revenue department every year for the purpose of reporting the amount of remuneration, including salaries, wages, commission etc, paid to each employee during a year of assessment, that is, for a year running from april 1 to 31 march next year. Before that, you must get the approval from ird to submit computerized ir56e form. The inland revenue department is responsible for the. The employer must furnish the annual return of remuneration of employees form to the inland revenue department ird within one month from the date of issue, which is normally in april. The signed paper control list together with the signed paper. It can be done by printing the ir56e report and send to the inland revenue department ird by post or delivery in person. For example, to find the fringe benefit tax guide ir409, click the 400499 button and browse through the list.
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