When hiring a person, do I need to complete a form for taxation purposes?
Yes. Within 3 months of employing a person, you will need to fill in the IR56E form to inform the Inland Revenue Department, if you anticipate that the employee is likely to be chargeable to Salaries Tax. You should also submit the report remuneration paid to the employee by submitting either IR56B or IR56M. Hiring … Read more