B. Deductions relating to taxable profits

  1. What should be included under the section of Employee and/or Director's remuneration in the tax return?
  2. Is there any limit on deductions for MPF contributions made by employers for their employees?
  3. I made mandatory contributions of $17,500 in a year of assessment as a self-employed person. I also employed my wife in running the business and she joined the MPFS. My MPF contribution for her during the same year was $10,000. Can I claim further deduction for profit tax purposes from her part of contributions?
  4. After the commencement of the MPF scheme, are there any changes to the employer's responsibilities in filing the Employer's Return?
  5. An employer may occasionally receive a Recovery Notice issued under Section 76(1) of the Inland Revenue Ordinance requiring him/her to deduct the employee's salary for tax payments. Should the employer fulfill this obligation under the Recovery Notice before or after making the income deduction required under the Mandatory Provident Fund Schemes Ordinance?