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Payroll Services and Solutions Hong Kong
Avoid the capital investment and overheads required to set up and manage a payroll team and portal with our subscription-based Payroll Solution. Let us do the rest for you!
The Complete Payroll Solution
ASIA PARTNERS (HONG KONG) can also help manage your MPF or CPF contributions, Employers tax return processing and employee annual salary summary processing as needed. Our team of payroll specialists can also help manage your employees leave and mandatory benefits processing. Reduce your overheads without sacrificing quality delivery for your team with ASIA PARTNERS (HONG KONG)’s payroll solution.
Included in the ASIA PARTNERS (HONG KONG) Payroll Solution;
- Monthly payroll processing and calculations
- Monthly online payslip
- Mandatory Provident Fund (MPF) contribution calculation
- All the fund transfer including to your employees individual bank accounts and the MPF trustees
- MPF remittance statement for MPF trustees
- Statutory (taxation) reports, IR56 B, E, F and G
- Payroll reports
- Personnel record maintenance
What is MPF?
In Hong Kong, Employers are required to make arrangements for both full-time and part-time employees aged between 18 and 65 and employed for 60 days or more to join a registered Mandatory Provident Fund (MPF) Scheme.
Mandatory contributions are calculated on the basis of 5% of an employee's relevant income, with an additional 5% matched by the employer. Employers and employees can also make voluntary contributions in addition to the mandatory contributions.
It is required that all employers provide each employee with a monthly pay-slip showing the employee's relevant income and the amount of MPF contribution made.
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