Angela Wang & Co.

In the event of termination of an employment contract, it is often financially important for the employee to know if payments made by the employer under the termination agreement such as accrued salary, payment in lieu of notice and annual leave pay etc would be subject to salaries tax. This is particularly so during the period of economic downturn, high inflation and COVID 19 pandemic. The question of whether the payment or benefit, or any gain from the exercise of any such benefit, so paid an...