Like Tree3Likes

MPF -tax self certification

Closed Thread
Page 1 of 2 1 2 LastLast
  1. #1

    Join Date
    Apr 2021
    Posts
    20

    MPF -tax self certification

    My friend has been withdrawn her MPF and Manulife has asked her to fill in a self tax residency certification form. Anyone know the purpose of this? Thank you


  2. #2

    Join Date
    Sep 2018
    Location
    香港特别行政区
    Posts
    2,997

    To determine whether they need to pay tax on the money they will receive from the MPF. It's standard practice.

    They just need to truthfully write the name of the territory where they pay tax. If they are physically in Hong Kong, that's Hong Kong. Depending on whether their home country requires overseas citizens to file taxes (e.g. America) they may have to enter that too.


  3. #3

    Join Date
    Apr 2021
    Posts
    20

    Thanks for your reply. Her only tax residency is Hk, would she need to pay tax on her MPF? Thanks


  4. #4

    Join Date
    Sep 2018
    Location
    香港特别行政区
    Posts
    2,997

    There is no capital gains tax in HK, so no. If she has already left Hong Kong, the destination country may charge their taxes.


  5. #5

    Join Date
    Apr 2021
    Posts
    20

    She just also told me, she has recently left HK in May and has made the official oath for permanent departure and has withdrawn her MPF. This tax residency form is additional documentation it seems after withdrawing her MPF due to permanent departure.
    She is travelling and taking holiday right now. So she has not been employed since leaving HK or living in her home country (country of passport). So her only tax residency as of now is HK. Would she need to enter any other country since leaving HK? As well the form asks for her residential address and she has left HK but again is travelling, so can she just enter her correspondence address which is still in HK?

    Thank you so much for any advice. Really appreciate it.


  6. #6

    Join Date
    Aug 2017
    Location
    Beautiful Britain
    Posts
    2,089

    If she made her oath for permanent departure of HK then surely she cannot be classed as a resident of HK. Does she not have another country that she will be resident of once she finishes traveling? Or is she intending returning to HK. If her home country doesn't charge tax on this then just use an address in her home country (parents/family?)

    As she already has the MPF and isn't in HK personally I'd forget about it. Seems odd they are asking for this AFTER. giving her the money.


  7. #7

    Join Date
    Sep 2018
    Location
    香港特别行政区
    Posts
    2,997

    Only she knows her tac residency. If she has returned to her home country and intends to live there, she is a tax resident of that country


  8. #8

    When you take the oath to leave permanently you also need to submit proof that you are entitled to live / reside in another country. Obviously she can't very well fill in her tax residency is HK as that would mean she lied in her application to leave HK permanently to obtain her MPF...

    chuckster007 likes this.

  9. #9

    Join Date
    Feb 2009
    Posts
    8,306
    Quote Originally Posted by Matty299:
    She just also told me, she has recently left HK in May and has made the official oath for permanent departure and has withdrawn her MPF. This tax residency form is additional documentation.....
    If she has the money already, throw the additional form in the rubbish and forget about it.

  10. #10

    Join Date
    Apr 2021
    Posts
    20

    Tax residency self certification for MPF

    Thanks for the advice mate.

    I just clarified her situation with her.

    She had left HK in March and made that permanent declaration in March and had taken out her MPF. But she is still employed and getting paid in HK by her company and her last pay cheque is July. So she had apparently taken out her MPF before her last pay cheque and before clearing her taxes as it seemed like the MPF fund had not asked for tax clearance. (This MPF fund is from her old company and not the current one for her current company) So she is still in the process of clearing taxes with the HK government and still getting paid (last pay cheque is July) which is why she is confused as to if she can state on the form whether or not she is still an HK tax resident as of now. She is currently in Dubai and not working or living yet in her home country which is the U.K. so confused as well if she can declare she is a tax resident of the U.K.

    Should she just put HK AND the U.K. on the form as she’s still getting paid in HK up till July and in the process of clearing taxes in HK from abroad.

    Thank you for your insight. Appreciate it.

    Last edited by Matty299; 08-07-2021 at 03:06 PM. Reason: Clarifying details

Closed Thread
Page 1 of 2 1 2 LastLast