Will you have to pay tax on termination payments
If you are unfortunate enough to be on the receiving end of the Big Envelope this is a proverbial Chinese phrase used to describe someone who has just been made redundant, the least of your worries would probably be the amount of tax you have to pay on your termination payments. Well, this might be true if you are unfazed by the low level of taxes in Hong Kong, but with job-hunters outweighing jobs at the moment, it is important to ensure that you don't pay more tax than necessary. Tax would certainly need to be accounted for but the question is, how much
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