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Publications and Press Releases :
Press Release
: News Archives
Company fined for not informing IRD of employee ceasing employment
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An advertising agency was today (March
6) fined $3,000 in the Eastern Magistrates' Courts after pleading
guilty to a charge of failing to notify the Commissioner of Inland
Revenue (CIR) about an employee's cessation of employment with the
company.
The defendant, TBWA Hong Kong Limited, employed the
employee from October 28, 2002, to August 31, 2004. However, the
defendant failed to give advance notice to the CIR regarding the
employee's cessation of employment as required under Section 52(5)
of the Inland Revenue Ordinance (IRO).
The offence was discovered when the CIR was unable
to recover salaries tax of more than $200,000.
A spokesman for the Inland Revenue Department reminded
employers to comply with the provisions of Section 52(5) of the
IRO to avoid prosecution. The maximum penalty for such an offence,
upon conviction, is a fine of $10,000.
Ends/Monday, March 6, 2006
Issued at HKT 19:05
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