Mr$.$ Wong, began his role as Finance Manager at Sincere Sweet Limited $($SSL$),$ a Hong Kong$-$based company, on $1$ May $2021.$ His responsibilities included overseeing and managing the operations of SSL$\text{'}$s various group companies across the Asia Pacific region, including Hong Kong. Throughout his employment, he has had to travel to different Asian cities, spending $126$ days outside of Hong Kong in the year ending $31$ March $2023.$

For the year ending $31$ March $2023,$ Mr$.$ Wong's income and expenses included:

i$.$ a monthly salary of $$90,000$

ii$.$ a monthly travel allowance of $$10,000.$

iii. On $1$ November $2022,$ he bought a flat in Hong Kong for $$10$ million, mortgaging it for $$6$ million. SSL agreed to cover any mortgage interest over $2\%$ per annum. From

November $2022$ to March $2023,$ he paid $$111,300$ in interest and received a $$28,800$

subsidy from SSL$.$

iv$.$ After moving into the flat, SSL arranged for a domestic helper costing $$5,400$ per month and covered his utility bills, totaling $$9,200$ for the five months ending $31$ March $2023.$ SSL also provided a car and driver, with the car leased in SSL$\text{'}$s name for $$8,000$ per month and the driver hired for $$20,000$ per month. Mr$.$ Wong paid the $$42,000$ in petrol and maintenance costs, which were reimbursed by SSL$.$ The car was used for both business and personal purposes, with an $80$:$20$ ratio.

v$.$ Due to an accident, Mr$.$ Wong was hospitalized for $10$ days, incurring $$88,000$ in medical costs. $80\%$ was covered by insurance, and he claimed the remaining balance from SSL$.$

vi$.$ SSL also reimbursed half of his $$22,000$ annual gym membership fee.

vii. He received a discretionary bonus based on SSL$\text{'}$s profitability, with $$40,000$ paid in April $2022$ for $2021$ and $$50,000$ paid in January $2023$ for $2022.$ He donated half of these amounts to The Community Chest of Hong Kong.

viii. Mr$.$ Wong also enrolled in an MBA program at Hong Kong Metropolitan University, paying $$120,510$ in tuition fees. He made mandatory contributions of $$18,000$ to the MPF scheme and paid $$100,000$ in qualifying annuity premiums on $6$ January $2023.$ Mrs$.$ Wong is a housewife and they have a $12-$year$-$old son. Mr$.$ Wong$$s father, aged $75,$ lives in a registered nursing home in Macau, to which Mr$.$ Wong paid $$60,000$ in residential fees. His mother, aged $68,$ lives in Macau, and he sends her $$6,000$ monthly for living expenses.

Required:

$($a$)$ Compute the Hong Kong salaries tax liability of Mr$.$ Wong for the year of assessment $2022/23,$ assuming that he would claim whatever deductions or allowances which are applicable. Ignore provisional tax and any tax reduction in your calculation.

$(34$ marks$)$

$($b$)$ If later Mr$.$ Wong receives a Notice of Assessment from the Inland Revenue Department and finds that it is not correct, state what he should do in order to lodge an objection against the Notice of Assessment.

$(6$ marks$)$

$($c$)$ With reference to the Inland Revenue Ordinance, discuss the liability test and convertible to cash test which used to determine the taxability of fringe benefits under an employment. Comment on Mr$.$ Wong$$s remuneration package whether it is an effective tax saving arrangement.

$(30$ marks$)$