ETOPS240
So what you are trying to tell me is that if an iCadet decides to resign the day after he/she is checked to line all they have to pay back the company is the cash portion of the forgivable loan? If this is the case then you don’t have any arguments from me. If on the other hand they have to pay back the entire HK$1.2m then it is most definitely 100% taxable and it is irrelevant what the company puts on their tax returns. The company has a very poor track record when it comes to employee tax advice. Based pilot’s springs to mind.