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SALARY PAYMENT IN Hong Kong Dollars (HKD, $)
CONTRACT LANGUAGES Chinese / English
PAYROLL TAX 5% + 1,500 HKD
PAYROLL CYCLE Monthly
TIME TO HIRE 12 hours
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Hong Kong
Contrary to popular belief, there is no legally mandated 13th month pay for employees in Hong Kong.
The amount is calculated as specified in the employment contract. If it is not specified, then it is calculated as a sum equivalent to the average monthly salary earned by an employee in the 12-months before the day it becomes due. For employees that are employed for less than 12 months, the calculation is based on the average monthly salary earned in their employment period.
If an employer chooses to pay the 13th month in Hong Kong, they can choose when this is paid. However, it tends to be customary to make the 13th month salary payment towards the end of the calendar year.
If an employer chooses to pay a 13th month payment in Hong Kong, this would normally be an extra payment by the employer.
The 13th month salary is taxable in Hong Kong.
Your business can easily hire employees in Hong Kong without opening a local entity. We handle local employment law, complex tax regulations, and international payroll in 180+ countries worldwide. All you need to do is focus on your business.
There is no statutory provision in Hong Kong for a 13th-month payment. It is, however, considered standard in Hong Kong to have a 13th month payment.
No, the standard is 12 months of pay in Hong Kong
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71 Robinson Road #13-153
068895, Singapore
+65 3105 1170
Skalitzer Str. 85/86
10997, Berlin
+49 30 3119 9653
1700 S. Lamar Blvd Suite 338
Austin, Texas 78704
+1 (737) 265-6065
See more locations
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