|Programme Code :||20170517|
|Event Date :||17 May 2017 (Wednesday) - 17 May 2017 (Wednesday)|
|Time :||6:45pm - 8:45pm|
|Venue :||Auditorium, Duke of Windsor Social Service Building, 15 Hennessy Road, Wanchai, Hong Kong||View google map|
|Speakers :||Mr. Patrick Kwong, Executive Director, Tax & Business Advisory Services, EY; Ms. Kathy Kun, Senior Manager, Tax & Business Advisroy Services, EY|
|CPD Credit :||2 hrs|
|Proficiency Level :||Intermediate Level|
|Fee :||HK $ 250 for TIHK member / student
HK $ 350 for Non-member
HK $ 300 for members of organizations of CPD Alliance
In recent years, there were several new laws enacted providing tax concessions to taxpayers in targeted industries. There is no exception this year: the Government introduced in March a legislative bill proposing a dedicated tax regime of tax concessions to attract aircraft financing and leasing businesses to Hong Kong.
In addition, the IRD issued a number of practice notes last year stating its views and interpretations of the new laws recently enacted to assist taxpayers understanding the application of these new laws.
Apart from these self-driven changes, the international tax developments on OECD’s BEPS package and exchange of tax information are posing a greater impact on the domestic legislation of Hong Kong. The Government has recently introduced a legislative bill to further expand the scope of tax information exchange and is expected to introduce more legislative changes in the near future in order to implement the BEPS package and align Hong Kong’s tax system with the latest international tax standards. These proposed changes may have significant impact on Hong Kong businesses.
In this seminar, the speakers, Mr. Patrick Kwong and Ms. Kathy Kun of EY, will share with participants the above developments and updates, as well as some topical issues, such as the implications of the new appeal mechanism requiring taxpayers to apply directly to the Court of First Instance for leave to appeal against the decision of the Board of Review.
- Proposed legislation to introduce a proposed dedicated tax regime offering tax incentives to qualifying aircraft lessors and qualifying aircraft leasing managers in Hong Kong
- DIPN 52 on the new law that enhances the interest deduction rules for the intra-group financing business of corporations and grants a concessionary profits tax rate for qualifying corporate treasury centres
- DIPN 51 on the new law that extends the profits tax exemption for offshore funds to cover offshore private-equity funds
- IRD’s updated interim assessing practice on court-free amalgamations
- Proposed legislation to expand the scope of automatic exchange of financial account information.
- Consultation on the proposed transfer pricing and documentation rules.
- Recent court cases under the new appeal mechanism: CIR v Pang Fai and King Global Investments Ltd v CIR
Patrick Kwong has more than 20 years of tax experience advising clients across various industries and sectors. He is a past president and current Council Member of the Taxation Institute of Hong Kong. Patrick is also a member of the Joint Liaison Committee on Taxation, which is a forum for discussion between revenue officials, legislators, tax practitioners and other relevant bodies on tax related technical matters and legislation. Patrick is a regular speaker at tax seminars and conferences and has authored a number of tax articles published in various professional journals and magazines.
Ms. Kathy Kun, Senior Manager, Tax & Business Advisory Services, EY
Kathy is a Senior Manager of the National Tax Centre of EY with over 10 years of experience. She is responsible for developing and updating tax training materials, as well as conducting internal tax training courses. She is a frequent speaker at tax seminars and is one of the authors of the Firm’s tax client publications.