After 1/5/2025, post-abolition of MPF offsetting is nessary to adopted in LSP assessment.
According to "Financial Reporting Alert 44," a catch-up adjustment in profit or loss is necessary for calculating the Long Service Payment (LSP) both before and after the abolition of MPF offsetting. The need for the pre-abolition calculation can depend on the auditor's advice, so it's advisable to consult with your auditor regarding their specific requirements.
Non-Listed Company A1
Numbers of employee: 1-9
HKD$ 1,800
According to "Financial Reporting Alert 44," a catch-up adjustment in profit or loss is necessary for calculating the Long Service Payment (LSP) both before and after the abolition of MPF offsetting. The need for the pre-abolition calculation can depend on the auditor's advice, so it's advisable to consult with your auditor regarding their specific requirements.
Non-Listed Company A2
Numbers of employee: 10-19
After 1/5/2025, post-abolition of MPF offsetting is nessary to adopted in LSP assessment.
HKD$ 3,500
According to "Financial Reporting Alert 44," a catch-up adjustment in profit or loss is necessary for calculating the Long Service Payment (LSP) both before and after the abolition of MPF offsetting. The need for the pre-abolition calculation can depend on the auditor's advice, so it's advisable to consult with your auditor regarding their specific requirements.
HKD$ 6,300
Non-Listed Company A3
Numbers of employee: 20-49
After 1/5/2025, post-abolition of MPF offsetting is nessary to adopted in LSP assessment.
HKD$ 5,100
According to "Financial Reporting Alert 44," a catch-up adjustment in profit or loss is necessary for calculating the Long Service Payment (LSP) both before and after the abolition of MPF offsetting. The need for the pre-abolition calculation can depend on the auditor's advice, so it's advisable to consult with your auditor regarding their specific requirements.
HKD$ 9,180
Non-Listed Company A4
Numbers of employee: 50-99
After 1/5/2025, post-abolition of MPF offsetting is nessary to adopted in LSP assessment.
HKD$ 6,800
According to "Financial Reporting Alert 44," a catch-up adjustment in profit or loss is necessary for calculating the Long Service Payment (LSP) both before and after the abolition of MPF offsetting. The need for the pre-abolition calculation can depend on the auditor's advice, so it's advisable to consult with your auditor regarding their specific requirements.
HKD$ 12,240
Non-Listed Company A5
Numbers of employee: 100-299
After 1/5/2025, post-abolition of MPF offsetting is nessary to adopted in LSP assessment.
HKD$ 9,800
According to "Financial Reporting Alert 44," a catch-up adjustment in profit or loss is necessary for calculating the Long Service Payment (LSP) both before and after the abolition of MPF offsetting. The need for the pre-abolition calculation can depend on the auditor's advice, so it's advisable to consult with your auditor regarding their specific requirements.
HKD$ 17,640
Non-Listed Company A6
Numbers of employee: 300+
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