Setting Up Global Payroll for Hong Kong

This chapter discusses how to:

• Process retroactive payments.

• Enter additional information for other features.

• Define trigger and segmentation events for Hong Kong.

• Identify proration rules.

Processing Retroactive Payments

This section discusses the default retro method of forwarding and the ability to change it to the corrective method.

The default retro method and the on conflict retro method for Hong Kong are both forwarding. Global Payroll core application retro processing meets all requirements for processing retroactive payments in Hong Kong.

While forwarding retro is the default retro method for Hong Kong, you can still use the corrective retro method. If you use corrective retro, ensure that all periods before the start of the current tax year (April 1 to March 31) are forwarded to the current year. For example, if in May an employee was paid a backdated increase for the period January to April, you can use corrective retro for the period in the current tax year (April), but use forwarding retro for the period in the prior tax year (January to March).

Note. Some elements that have monthly limits, such as Mandatory Provident Fund elements, have accumulators with corrective retro behavior. This ensures that calculations are always based on an updated accumulator. If you define accumulators with corrective behavior but then forward some deltas to the current period that is contributing to this accumulator, verify that you end up with the correct numbers.

See Also

Defining Retroactive Processing

Entering Additional Information for Other Features

The following additional pages are used specifically for set up required for Global Payroll Hong Kong. They are documented in full in their respective sections as shown in the following list:

• IR56 Report Data HKG; Setting Up Inland Revenue Reports.

• Tax Reference Number Dtls HKG; Setting Up Inland Revenue Reports.

• IR56 Exchange Rate Defn HKG; Setting Up Inland Revenue Reports.

• Define IR56B/M Controls HKG; Setting Up Inland Revenue Reports.

• Overseas Concern Details HKG; Setting Up Inland Revenue Reports.

• Source Bank Accounts HKG; Running Banking and Recipient Processing.

• Deduction Recipients HKG; Running Banking and Recipient Processing.

• Link to Pay Group HKG; Setting Up Payslips.

• Templates HKG; Setting Up Payslips.

• Messages HKG ; Setting Up Payslips.

See Also

Setting Up Inland Revenue Reports

Running Banking and Recipient Processes

Setting Up Payslips

Defining Triggers and Segmentation Events for Hong Kong

This section discusses:

• Triggers.

• Segmentation events.

• Viewing delivered elements.

Triggers

The following is a list of triggers for Hong Kong:

See Also

Setting Up Triggers

Segmentation Events

The following is a list of segmentation events for Hong Kong:

See Also

Defining Segmentation

Viewing Delivered Elements

PeopleSoft delivers a query that you can run to view the names of all delivered elements designed for Hong Kong. Instructions for running the query are provided in the PeopleSoft Global Payroll 9.1 PeopleBook.

See Also

Understanding How to View Delivered Elements

Identifying Proration Rules

Five proration rules are available to the 15 supplied for all countries to meet Hong Kong's payroll processing requirements. The following table lists the rules and indicates the numerator and denominator the rule uses:

See Also

Defining Proration Rules