|Programme Code :||20190516|
|Event Date :||16 May 2019 (Thursday)|
|Time :||6 : 45 pm - 8 : 45 pm (6 : 15 pm registration)|
|Venue :||Room UR8, SCOPE, 8/F, United Centre, 95 Queensway, Admiralty, Hong Kong||View google map|
|Speakers :||Professor Agnes Lo, Ms Wengee Poon and Ms Karen Au|
|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
Part 1: Transfer pricing research in China
This seminar covers China’s international transfer pricing issues from a research perspective. Specifically, this seminar provides research findings relate to transfer pricing methods, and explains their applications to transfer pricing practices. This seminar also analyses the risk of transfer pricing tax audit and discusses selected audit cases of FIEs and MNCs in China.
Part 2 : How transfer pricing can help in resolving tax audit and investigation cases
The Base Erosion and Profit Shifting (“BEPS”) and Transfer Pricing (“TP”) Bill was passed by the Legislative Council and gazetted as Inland Revenue (Amendment) (No. 6) Ordinance 2018 (the BEPS and TP Ordinance). With the formal introduction of the TP regulatory regime into Hong Kong tax legislation, the Inland Revenue Department (“IRD”) is following the global trend and taking a more aggressive attitude on TP issues in cross-border intercompany transactions. As such, it is expected that TP will be the key tax controversy area in the near future. With more TP-related tax disputes, it’s foreseeable that the difficulties in handling such cases is greatly enhanced. On the contrary, it is also possible for taxpayers to use TP methodology to resolve the existing tax audit cases in a more effective way. In this seminar, the speakers from PricewaterhouseCoopers will share the below highlights:
l Introduction of the new TP legislation in Hong Kong
l Recent development of tax controversy and dispute resolution in Hong Kong
l How to use TP to resolve tax controversy cases
l Precaution measures to prevent potential tax disputes on TP in the future
l Real life case studies
Professor Agnes Lo is an Associate Professor of Lingnan University, Hong Kong. She mainly teaches Taxation that covers a wide range of topics in taxation including international tax planning, transfer pricing, and tax policy and its relevance to society. Professor Lo has been a faculty member at Lingnan University for nearly 15 years. Her primary research areas include corporate governance and disclosure, and tax avoidance in general and avoidance through transfer pricing in particular. Professor Lo co-authored a book entitled “International Transfer Pricing in China: Post WTO,” the content of which was used as training materials for the HKICPA workshops. She has also published her work in the mainstream accounting journals including The Journal of the American Taxation Association, Journal of Corporate Finance, Journal of Accounting and Public Policy, International Tax Journal, etc. Her research work has also been featured in numerous issues of the local business magazine as such Capital Magazine.
- Ms Wengee Poon, Director, PricewaterHouse Coopers Limited
With extensive experience in transfer pricing, Wengee has resolved transfer pricing matters for numerous multinational corporations. Her experience includes assisting clients in determining their transfer pricing structures, formulating transfer pricing policies, preparing transfer pricing documentation and performing post-implementation structure maintenance services.
Wengee has served a broad spectrum of multinational corporations in various industries including garments, chemicals, telecommunications, electronics, pharmaceuticals in the manufacturing, distribution and servicing aspects.
Wengee is also a speaker at public seminars and has contributed to professional publications. She holds a Bachelor degree in Economics and Statistics and a Master degree in Business Administration from the University of Rochester, New York, U.S.A.
- Ms Karen Au, Senior Manager, PricewaterHouse Coopers Limited
Karen has over 10 years professional experience in the taxation field and extensive experience in assisting clients to resolve Tax Controversy cases with the Hong Kong Inland Revenue Department and focusing on tax audit and investigation.
Karen has been providing Hong Kong tax controversy and business related advisory to local, regional and multinational clients, particularly those in the industries of apparel and electronic manufacturing, pharmaceutical, general trading, sourcing, financial services and asset management.
Over the years, she assists companies and individuals in dealing with pro-longed tax disputes and conducting tax advisory assignments including group restructuring, inter-company fee arrangement and post implementation health check using the tax audit methodology.
Karen is a fellow member of the Association of Chartered Certified Accountants (ACCA) and member of the Hong Kong Institute of Certified Public Accountants (HKICPA) and the Taxation Institute of Hong Kong. She is also a Certified Tax Adviser (Hong Kong).