TIHK Seminar: Tax Sharing: Practical considerations of family office regime in Hong Kong

The Inland Revenue (Amendment) (Tax Concessions for Family-owned Investment Holding Vehicles) Ordinance 2023 (the Ordinance) was gazetted and came into operation on 19 May 2023. The Ordinance provides profits tax concessions for eligible Family-owned Investment Holding Vehicles (FIHVs) managed by eligible Single Family Offices (SFOs) in Hong Kong; and Family-owned Special Purpose Entities (FSPEs). Only the assessable profits of FIHVs and FSPEs arising from qualifying transactions and incidental transactions are eligible for profits tax concessions, which apply in respect of a year of assessment commencing on or after 1 April 2022. The Inland Revenue Department (IRD) has provided some useful guidance in its website for taxpayers seeking to enjoy the tax concession. The IRD has also published Advance Ruling Case No. 73, the first ruling in respect of the new family office tax regime, for taxpayers’ reference. In this seminar, the speakers will cover the following: Give a brief background on the development of family offices in Hong Kong Discuss the IRD...
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TIHK x SCAA x AWAHK Seminar: The Use of IRD iXBRL Data Preparation Tools (Re-run)

*TIHK members only (Free of charge) The Inland Revenue Department (IRD) launched enhanced e-filing services for profits tax returns on 1 April 2023.  These services aim at promoting tax digitalization and enhancing the efficiency of the profits tax returns filing. The enhanced e-filing services include e-submission of supporting documents in iXBRL format.  The IRD provides free conversion tools, namely, IRD iXBRL Data Preparation Tools (the Tools) for corporations and businesses to convert financial statements and tax computations into iXBRL data files. To provide additional support to the practitioners, IRD co-organizes a course with The Society of Chinese Accountants & Auditors (SCAA), Association of Women Accountants (AWAHK) and The Taxation of Institute of Hong Kong (TIHK) to give hands-on training on the operation of the Tools.  The speakers will also walk you through the basic features of the IRD Taxonomy Package, overview and functions of the Tools, and demonstrate the process flow from preparation to generation of the iXBRL finalised package.   Programme Code: 20240619 Date:...
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TIHK Free Seminar — Key Issues Arising from The China Two Sessions 2024

  Programme Code:20240516 Date:16 May 2024 (Thursday) Time: 6:30 pm - 7:30 pm Speakers: Dr Thomas S.T. So JP, Chairman of eBRAM International Online Dispute Resolution Centre & Mr Peter Kung, Past President of The Taxation Institute of Hong Kong Language:Cantonese Venue: Room 202, Duke of Windsor Social Service Building, No. 15 Hennessy Road, Wanchai Proficiency Level: Non-technical level Click here to register now! ...
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CPA Sports Carnival 2024(香港會計界第二屆運動嘉年華)

The event, themed“勝會香港 • 活力CPA”, aims at providing an occasion for professional accountants to interact through engaging in different sports activities and to share the benefits of exercise.  Last year, over 1,000 CPAs and their friends and families took part in competition and fun games for an unforgettable magical day. Event Information: Date: 4 May 2024 (Saturday) Time: 9:00 am - 2:00 pm Venue: Hammer Hill Road Sports Ground 158 Hammer Hill Road, Diamond Hill, Kowloon For details, please visit at https://www.scaacpa.org.hk/web/subpage.php?mid=119&id=3259 For enquiries, please contact SCAA secretariat at [email protected]...
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IRD – New Era of Profits Tax Filing

Inland Revenue Department – 2023-24 Profits Tax Filing   The Inland Revenue Department (IRD) issued 2023/24 Profits Tax returns to corporations and partnership businesses on 2 April 2024. This is the second year in which the IRD has implemented the voluntary e-filing initiative. Taxpayers are encouraged to participate in the voluntary e-filing of their profits tax returns and the required forms together with the supporting documents (including financial statements and tax computations) in iXBRL format. To facilitate taxpayers in preparing the required iXBRL data files, the IRD is providing the IRD Taxonomy Package (the Taxonomy) and the IRD iXBRL Data Preparation Tools (the Tools), which can be downloaded from the IRD website, free of charge. The Taxonomy and the Tools have been updated and enhanced this year. The major enhanced features include: Adding a roll-over function Increasing the gross income threshold for the use of Template Tool from HK$2million to HK$5million Meanwhile, the first Traditional Chinese edition of the Taxonomy and the Traditional Chinese Tools,...
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Extension! 2023 TIHK Chartered Tax Adviser E-Conference

e20231201 2023 TIHK Chartered Tax Adviser E-Conference   Programme Code:e20231201 Date:18 March 2024 (Monday) Language:English and Mandarin Venue: Online Platform Fee: $1,000 (Members only) CPD Hours:7 Seat:300 Event Categories:CTA Conference, Eseminar, Eseminar, Webinar Remark: The e-Conference is available to watch until 7 April 2024 Click here to register! https://www.tihk.org.hk/event/20231201-2/...
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TIHK Supporting Event — CA ANZ CPD Seminar “Anchoring Tax Exposures – Risk Mitigation Strategy for Tax” with AON HK

Tax rules are sometimes complex, especially in cross-border situations. Even with the best advice, companies need to make good faith judgements about how the rules apply to their business operations. Tax authorities might have a different judgement about how rules applies and challenge the tax position taken by a company. The uncertainties that result for companies often involve significant amounts and could cover multiple financial years. A tool like tax insurance could help companies to manage tax risks that may arise to obtain great certainty. Co-hosted by CA ANZ HK and AON HK, this joint CPD seminar will cover the evolving tax rules globally, participants will be able to learn how companies can manage their tax risks that may arise and adopt a variety of tools to secure their tax risks. Event Details: Date: 14 March 2024 (Thursday) Fee: TIHK members are entitled to enrol this seminar at CA ANZ member rate (HKD100 and 1 CPD hour will be given upon attending the seminar.) Venue: Aon...
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TIHK X SCAA Seminar — The Use of IRD iXBRL Data Preparation Tools

*TIHK members only (Free of charge) The Inland Revenue Department (IRD) launched enhanced e-filing services for profits tax returns on 1 April 2023.  These services aim at promoting tax digitalization and enhancing the efficiency of the profits tax returns filing. The enhanced e-filing services include e-submission of supporting documents in iXBRL format.  The IRD provides free conversion tools, namely, IRD iXBRL Data Preparation Tools (the Tools) for corporations and businesses to convert financial statements and tax computations into iXBRL data files. To provide additional support to the practitioners, IRD co-organizes a course with The Society of Chinese Accountants & Auditors (SCAA) and The Taxation of Institute of Hong Kong (TIHK) to give hands-on training on the operation of the Tools.  The speakers will also walk you through the basic features of the IRD Taxonomy Package, overview and functions of the Tools, and demonstrate the process flow from preparation to generation of the iXBRL finalised package.   Date: 15 三月 2024 (Friday) Time: 6:30 pm -...
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TIHK Career Development Programme 2024

TIHK Career Development Programme 2024

Programme Overview To promote the study of taxation and encourage the pursuit of tax profession, the Taxation Institute of Hong Kong (“The Institute”) is organising the Career Development Programme (“the Programme”) again in 2024. The Programme consists of interviews, opportunities offered by employers reviewed and approved by the Institute, which serves as a platform to connect industry professionals and aspiring young adults who would like to pursue a career in tax profession. Registration & Download Download programme flyer: Employer online registration: https://form.jotform.com/240671498227463 Student online registration: https://form.jotform.com/240598181306458  Enquiry for Career Development Programme 2024 Telephone: +852 2810 0438 Email: [email protected]        ...
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