TIHK Seminar: 20240923 IP and R&D tax incentives in Hong Kong

by Kenny Ho Comment Closed
Hong Kong currently offers research and development (R&D) tax incentives to businesses as a means to promote innovation and technological advancement. In addition this, Hong Kong has recently proposed to introduce a patent box regime, to encourage businesses to conduct more R&D and intellectual property (IP) trading activities in Hong Kong. This regime will provide tax concessions for profits derived from eligible IP assets through R&D activities in Hong Kong. The Inland Revenue (Amendment) (Tax Concessions for Intellectual Property Income) Ordinance 2024 was gazetted on 5 July 2024. While the patent box regime presents opportunities for companies to enhance their R&D set up and IP presence in Hong Kong, it would also be a good time for companies to reassess their structures and strategy for utilising the tax regime and re-evaluating other tax and commercial considerations and options. In this seminar, the speakers will discuss: Give a brief background on the development of the IP and R&D tax regimes in Hong Kong ...
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TIHK Seminar: 20240911 The Latest Case Laws on Treatment of Cryptocurrencies and Intangible Assets and Tax Implications

by Kenny Ho Comment Closed
This seminar will focus on the latest Hong Kong court cases that dealt with cryptocurrencies and intangible assets. These new case laws shed light on the nature of cryptocurrencies as well as other intangible assets as are defined by the Courts, and bear tax implications when proper tax treatment in connection with such assets is concerned. In this seminar, the speaker will provide an overview of the latest cases as well as international rules (including rules in the OECD and UK/US authorities) relating to determination of the nature and categorisation of cryptocurrencies and intangible assets, and will discuss the tax implications of these new types of assets in light of these new case laws and rules. Programme Code: 20240911 Date: 11 September 2024 (Wednesday) Time: 7:00 pm - 8:30 pm Speakers: Mr Philip Kwok, Partner, Jun He Law Offices Language: Cantonese Venue: TIHK Office, 21/F, Kam Sang Building, 255-257 Des Voeux Road Central, Hong Kong CPD Hours: 1.5 Seat: 100 Click here to register...
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TIHK Seminar: 20240904 Hong Kong Tax Updates 2024

by Kenny Ho Comment Closed
  Just as in the previous year, there have been significant changes to the domestic tax law of Hong Kong over the past year. The further refined foreign-sourced income exemption (FSIE) regime was assessed by the European Union (EU) as not harmful, which culminated in the removal of Hong Kong from the EU’s watchlist. Earlier this year, the Hong Kong SAR Government (the Government) also conducted a public consultation to gather views on the implementation details of the global minimum tax and the domestic minimum top-up tax in Hong Kong. In addition, the Government has introduced several tax incentives with the aim of further enhancing Hong Kong’s tax attractiveness. Several tax incentives or proposals to enhance the existing tax regime are also in the pipeline. Join the upcoming Hong Kong Tax Update seminar to stay informed about these latest developments. The speakers will provide an overview of the aforementioned developments, equipping you with the knowledge you need to navigate the changes. Content outline Refined FSIE...
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TIHK Seminar: 20240820 New Tax Pitfalls Facing Tax Exempt Charities and How to Mitigate

by Kenny Ho Comment Closed
  The Inland Revenue Department’s (IRD) practice in administering tax exemption for charities is evolving. It is important for existing and prospective charities to understand the requirements to qualify for and maintain their tax exempt status.  However, many tax-exempt charities are not aware that, for example, the exemption does not mean that all their income are automatically exempt from tax, and does not mean all obligations under the Inland Revenue Ordinance are waived. As a result, many charities may overlook certain reporting or withholding obligations. Meanwhile, the IRD is stepping up its efforts in reviewing charities’ tax exempt status. Different types of charities and different types of issues are coming under the spotlight in turn. Charities that no longer meet the public benefit requirement may lose their tax-exempt status. Against the above background, tax-exempt charities should stay alert to the IRD’s latest practices. In this seminar, the speakers will cover: IRD’s latest focus of challenges on charities · Charities’ common tax pitfalls  · Practical...
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TIHK Event: 2024 TIHK Belt and Road Breakfast Conference

by Kenny Ho Comment Closed
Introduction: The Institute aims at inviting government officials, experts in economic and finance industries, accounting and tax practitioners, academia and representatives from other professional bodies from Mainland China, Hong Kong, Macao and the other jurisdictions, and member organisations of the Asia Oceania Tax Consultants’ Association (AOTCA) in the Conference to share and exchange views on key tax development affecting the global community.   Programme Code:20240927 Date:27 September 2024 (Friday) Time:8:30 am - 11:00 am Venue: The Grand Ballroom A and Foyer, 2/F, The Langham, Hong Kong, 8 Peking Road, Tsim Sha Tsui, Kowloon, Hong Kong CPD Hours:2.5 Seat:100 Click here to register...
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TIHK Hybrid Seminar: The latest development on tax controversy and dispute resolution in Hong Kong

by Kenny Ho Comment Closed
  This seminar will focus on the latest trends in tax controversy and dispute resolution in Hong Kong.  With tax audit and dispute activity on the rise globally, staying ahead of the game is now more important than ever. In this event, KPMG tax specialists will guide you through the challenges Hong Kong taxpayers face. We will shed light on the proactive initiatives the Inland Revenue Department adopted to counter Base Erosion Profit Shifting activities. By taking a more stringent review approach, the IRD has heightened the need for taxpayers to justify their tax filing positions effectively. Through case studies and first hand experiences, speakers will share methodologies and techniques for tackling tax audits. Gain insights into managing tax controversy risks and learn how transfer pricing principles and techniques have become increasingly pivotal in providing robust support for addressing issues raised by the IRD.   Programme Code:20240725 Date:25 July 2024 (Thursday) Time:6:30 pm - 7:30 pm Speakers: Ms Annie Ng, Tax Director, KPMG China Ms Tanya Trantallis, Tax Director, KPMG...
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TIHK Supporting Event – HKIB Annual Banking Conference 2024

by Kenny Ho Comment Closed
Welcome to this year's HKIB Annual Banking Conference, themed "The Next Wave: Unlocking Potential, Fostering Success". As we navigate through an era marked by rapid transformations and emerging challenges, our conference is dedicated to exploring the multifaceted waves of change sweeping through the banking sector. This year, we delve deep into the next wave of transformations that promise to redefine market dynamics, the next wave of innovations that will reshape our approach to technology and customer engagement, and the next wave of growth that will open new avenues for expansion and profitability. Conference Information: Date: 27 September 2024 (Fri) Time: 9:00am - 5:00pm Venue: N101, Hong Kong Convention and Exhibition Centre For details, please click: https://bankingconference.hkib.org/hkib2024/ For enquiries, please contact HKIB at 2153 7800 / [email protected]...
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TIHK Hybrid Seminar: Comprehensive Insights into AML/CTF Compliance: Latest Developments, Real-Life Cases & Implementation Techniques

by Kenny Ho Comment Closed
Part 1: Latest Developments in AML/CTF in Hong Kong & Worldwide (in English) This session looks at the latest developments in the anti-money laundering and counter-terrorist financing (AML/CTF) legislation in Hong Kong as well as key trends in global AML/CTF landscape and money laundering/ terrorism financing typologies in the non-financial sectors. Part 2: Effective AML/CTF Risk Management: Lessons from Real-Life Cases (in Cantonese) This session provides a comprehensive overview and highlights on several real-life case studies that illustrate the AML/CTF risks and challenges associated with sanctions, trade-based money laundering, and customer due diligence. We will also share the common risk indicators and best practices to comply with AML/CTF regulatory requirements and avoid potential breaches. Part 3: Effective Internal Audits and Streamlining AML/CTF Compliance through Technology (in Cantonese) We will delve into the realm of effective internal audits to meet the latest Companies Registry (CR) requirements within the AML/CTF guidelines, and showcase how RegTech solutions can empower professional firms to enhance AML/CTF compliance efficiently in daily operations. Programme Code:20240716 Date:16 July 2024...
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會員月餅訂購優惠 2024 (Häagen-Dazs l 美心 l 東海堂 l COVA l 星巴克 l 皇玥)

by Phoebe Tsoi Comment Closed
學會現推出會員月餅訂購優惠，優惠詳情如下: A. 會員需於學會網站訂購或向秘書處遞交訂購表 (Häagen-Dazs l 美心 l 東海堂 l COVA l 星巴克) B. 會員需自行向商戶訂購 (皇玥) A. 會員需於學會網站訂購或向秘書處遞交訂購表 (Häagen-Dazs l 美心 l 東海堂 l COVA l 星巴克) 於稅務學會網站訂購 (需登入會員賬戶):          Häagen-Dazs網上訂購 / 美心網上訂購 / 東海堂網上訂購 / COVA 及星巴克網上訂購 (網址內的價錢為香港稅務學會會員價，只限會員購買，請先登入會員帳戶。)   向秘書處遞交訂購表:　           Häagen-Dazs訂購表(按此下載) / 美心、東海堂、COVA 及星巴克訂購表(按此下載) 條款及細則 上述報價只供會員自用及送禮，不可公開轉售。 會員優惠由各商戶提供，學會不保證會員價為最低價格。 所有貨品禮劵，售完即止，恕不作另行通知 會員價截止訂購日期（以全數付款計算）：2024年7月5日（星期五) 上述禮劵只於下列日期及地點領取： 預計自取日期：2024年7月22日至 7月26日，上午十時至下午六時 (確實領取日期及細節以電郵為準) 自取地點：香港稅務學會— 上環德輔道中255-257號錦甡大廈21樓 所有禮劵不設退款。如有任何爭議，香港稅務學會保留最終決定權。 產品詳情: Häagen-Dazs月餅: https://eshop.haagendazs-gifting.hk/hk_tc/ 美心月餅: https://www.maximsproducts.com.hk/tc/eshop 東海堂月餅: https://www.aromeonlineshop.com.hk/tc/eshop 換領詳情: Häagen-Dazs月餅: https://eshop.haagendazs-gifting.hk/mooncake-redemption 美心月餅: (To be announced) 東海堂月餅: https://www.aromebakery.com.hk/mc/redemption/   B. 會員需自行向商戶訂購 (皇玥)  皇玥 Imperial Patisserie 訂購方法: -網上商店: 在皇玥網站(https://cp.ipastry.com.hk/password)輸入網上平台登入密碼「CPMC24」，並於結賬時輸入企業優惠碼「CP20TIHK」。 -香港訂購表格 (按此下載): 請將已填妥之訂購表格電郵至 [email protected] -内地直送訂購表格 (按此下載): 請將已填妥之訂購表格電郵至 [email protected] 月餅送貨/換領詳情: https://shop.ipastry.com.hk/pages/redemption_details 皇玥網上訂購截止日期: 2024年9月10日 如對上述優惠有任何疑問，請聯絡稅務學會秘書處蔡小姐/麥小姐- 電話：2810 0438 或 電郵：[email protected] ...
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TIHK Seminar: Tax Sharing: Practical considerations of family office regime in Hong Kong

by Kenny Ho Comment Closed
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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