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Insights provided from Hong Kong's 2020 Annual Meeting between Inland Revenue Department and Institute of Certified Public Accountants
Recently, the Hong Kong Institute of Certified Public Accountants (HKICPA) published a Tax Bulletin covering its Annual Meeting with the Inland Revenue Department (IRD) on May 15. The HKICPA and the IRD exchanged views on a range of salary tax issues, such as procedures surrounding the tax reporting of bonuses, the impact of the Greater Bay Area subsidy, and the tax treatment of termination payments.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.