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What is IR56G in Hong Kong?

IR56G. Form Title: Notification by an employer of an employee who is about to depart from Hong Kong.

What is IR56M form?

IR56M: This is a separate form for freelancers and contracted staff. For example, consultants, agents, writers, artists and so on. At present, you must report payments to sub-contractors that exceed $200,000 per annum, or other if they exceed $25,000 per annum.

Who needs to file IR56B?

For any former employee who has ceased to earn income chargeable to Hong Kong Salaries Tax (such as by reason of retirement or departure from Hong Kong), you are required to file a form IR56B only when the gains realized during the year of assessment have exceeded the basic personal allowance for that year of

What is IR56B form in Hong Kong?

Income to be reported. (a) Salaries Tax is charged on employment income arising in or derived from Hong Kong which includes income derived from services rendered in Hong Kong and remuneration paid to an employee under certain service company arrangements.

What is the difference between IR56B and IR56M?

You have to report remuneration of your employees on IR56B. For reporting payments for service to local persons who are non-incorporated service providers, you have to use IR56M.

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