Burger81
I don’t know to tell you the truth. It may have just dawned on the company that a “forgivable loan” once forgiven is 100% taxable, i.e. the whole HK$1.1M by the IRD.
mochiman
As you can’t take the 15.5% company provident fund contributions in cash it makes absolutely no difference to your monthly cash flow as a SO. The funds are locked away until you retire.
You don't have to contribute to this fund as such and it doesn't attract tax.
Rubbish. You must contribute from your own pocket either 5% or 10% of your monthly salary to your provident fund each month. Your contributions are taxed in your salaries tax each year by the IRD.