Letter to IRD:
Employee claims rental-value assessment
5 July 2020
Dear Commissioner of Inland Revenue,
Employee: Mr. Raymond Yeung (HKIC:
In reply to your letter dated 1 June
2020, we would like to supply the following information:
(1) A copy of the employee's
employment contract and rent agreement are enclosed.
(2) The provision of free accommodation to Mr. Yeung was stated in his
employment contract. In fact, it was the company policy to make rent refund to
certain senior staff of up to 20% of his salary. The rent refund is made on the
employee's submission of rent agreement and rent receipts.
(3) The total salaries paid to Mr. Yeung excluding rent refund in the year ended
31 March 2020 is $700,000. The total rent refund is $140,000.