Summary of core valuation services Valtech provides in Hong Kong. Valtech has solid track records in providing all kind of valuation services in Hong Kong to listed companies, private companies, multinational corporations, financial services providers, non-governmental organization etc.
Valtech Valuation’s Response to Commonly Asked Questions of Long Service Payment Valuation in Hong Kong
Under Hong Kong law (the Employment Ordinance), the Long Service Payment is a mandatory benefit payable to employees upon termination under specific circumstances (e.g., redundancy, expiration of contract, or long service). Because the ultimate payment is based on an employee's salary and length of service at a future date (which is uncertain), HKAS 19 / IAS 19 classifies LSP as a "Defined Benefit Plan."
