Do I have to report in my tax return the long service payment, severance payment and payment in lieu of notice received upon termination of my employment?
Do I have to report in my tax return the long service payment, severance payment and payment in lieu of notice received upon termination of my employment?
Sums paid to you as severance payments or long service payments strictly in accordance with the provisions of the Employment Ordinance are not assessable to salaries tax.