|Programme Code :||20190328|
|Event Date :||28 March 2019 (Thursday)|
|Time :||6 : 45 pm - 8 : 45 pm (6 : 15 pm registration)|
|Venue :||Room UR3, SCOPE, 8/F, United Centre, Admiralty||View google map|
|Speakers :||Mr Wilson Cheng, Partner, Hong Kong Business Tax Services / Tax Controversy Services, EY|
|CPD Credit :||2 hrs|
|Proficiency Level :||Intermediate Level|
HK $ 250 for TIHK member / student
HK $ 350 for Non-member
HK $ 300 for members of organizations of CPD Alliance
Effective operation of Hong Kong's simple and low tax rates system requires a high degree of compliance by taxpayers. Hence, the Inland Revenue Department (“IRD”) would take a serious view on incorrect or non-reporting of profit / income by taxpayers and institute penal actions empowered by the law against the wrongdoing taxpayers. In this connection, how to prevent and manage tax controversies would be an important agenda of taxpayers.
The purpose of this seminar is to provide insights on the common tax controversial issues. With the knowledge of key practice focuses of the IRD, taxpayer can better prevent and manage the tax controversy risks.
1. A brief introduction about tax audit conducted by The Field Audit and Investigation Section and the tax audit process
2. An analysis of common issues of tax audit in Hong Kong
i. Source of profits
ii. Related party transactions (transfer pricing)
iii. Deductibility of expenses
iv. Property transactions
v. Employer’s filing obligations
Hong Kong Business Tax Services / Tax Controversy Services, EY
Wilson is the Tax Controversy Leader in Hong Kong, with around 20 years of Hong Kong corporate tax advisory experiences. He provides wide spectrum of tax controversy services to conglomerates, listed companies as well as US and European-based multinational corporations.
He has extensive experiences in dealing with Hong Kong tax authorities, for example assisting corporations in settling pro-longed tax disputes on contentious tax issues in Hong Kong. More recently, he advised his clients on new tax incentives scheme in Hong Kong and then assisted client to obtain an advance ruling from the Hong Kong tax authorities. His other tax experiences include group structure rationalization and restructuring, cross-border transaction planning and compliance, IPO review and restructuring.
While focusing on retail and consumer product as well as real estate, hospitality and construction industry sectors, Wilson also has diverse industry experiences, including automotive and transportation, diversified industrial products, technology, entertainment, media and telecommunications sectors.
Wilson regularly contributes tax technical articles to newspapers and technical journals and is a frequent speaker at tax seminars organized by various professional bodies in Hong Kong. He also serves as the Council Member of the Taxation Institute of Hong Kong from 2012/13 to 2015/16 and the member of the taxation sub-committee of the Association of Chartered Certified Accountants Hong Kong branch from 2011 onwards.