|Programme Code :||20190722|
|Event Date :||22 August 2019 (Thursday)|
|Time :||6 : 45 pm - 8 : 45 pm (6 : 15 pm registration)|
|Venue :||Room UR8, SCOPE, 8/F, United Centre, Admiralty||View google map|
|Speakers :||Ms Cheryl Chen and Mr Gary Leung|
|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
*Date changed from 22 July*
Many corporations have been striving and devoting resources in research and development ("R&D") activities, seeking for exceling in today's competitive market. Historically there were limited tax incentives for R&D activities in Hong Kong and thus many corporations are prone to conduct R&D activities in China for cost and tax reasons.
The HKSAR and China central governments, along government of other APAC countries, seemingly share the same view that technological advancement is one of the keys to bring up the business momentum. In this regard, both the HKSAR and China central governments actively introduce R&D related incentives with a view to promoting technological innovation and attract talents. For instance, the HKSAR government introduced enhanced tax deductions for expenditure incurred on qualified R&D on or after 1 April 2018. Whereas, the PRC government introduced various incentives including additional deduction for qualifying R&D incurred outside PRC. It should therefore a good point in time to review the R&D related incentives of both sides, and make a wise decision for your clients / corporations in setting up the mid-to-long term development strategies.
Acknowledging the importance of R&D to the business and complication of this matter, the Institute cordially invites our members to a seminar conducted by Deloitte China's Senior Manager Cheryl Chen and Tax Manager Gary Leung on 11th June 2019 (Tuesday), with a view to providing insights to your businesses to navigate through this ever-changing business landscape. This seminar will highlight the practical guidelines and will cover the latest tax incentives available in Hong Kong and PRC in relation to research and development activities and the prerequisite for enjoying the tax incentives.
Cheryl Chen is a senior manager specialized in corporate taxation based in Deloitte China Shenzhen office.
Cheryl has a total working experience of 9 years and her working experience encompasses various aspects of the PRC and overseas taxation include transfer pricing, corporate tax compliance & advisory, M&A, international tax, outbound investment, tax practice in relation to exportation and importation etc..
Cheryl provides tax professional services to various industries including TMT, real estate, manufacturing, consumer business, financial services and so on. Cheryl has provided tax services in relation to R&D super deduction to clients in various industries as well.
Cheryl also has over 2 years of in-house tax management experience in cross-border e-commerce and FMCG listed groups. She’s experienced in business model optimization, shareholding restructuring and tax incentives application for group entities.
Mr Gary Leung, Tax Manager, Tax & Business Advisory Services, Deloitte China
Gary Leung is a Tax Manager based in Hong Kong. He has more than 6 years of tax professional experience in Hong Kong and PRC business and tax advisory services. In particular, he focuses on providing Hong Kong and PRC tax advice related to corporate restructuring, regulatory matters related to Initial Public Offering, tax incentives etc.
He has served many listed companies and multinational enterprises from various industries covering property development, consumer products, pharmaceutical, education, manufacturing industries, etc. In addition, Gary has involved in many per-IPO advice, tax health check and cross-border business advisory services and he has in-depth knowledge in Hong Kong and PRC tax regulations.
Gary is also a frequent speaker at various tax workshop.