Meet our CTA Graduates 

In 2020, The Taxation Institute of Hong Kong (TIHK) has successfully obtained the licence from the Chartered Institute of Taxation to grant the designation “Chartered Tax Adviser” (CTA) to its qualifying members. This follows the granting of the same right to the Irish Tax Institute and The Tax Institute in Australia in 2012.

The CTA designation is recognised and respected internationally as a mark of technical excellence and professional integrity. A CTA holds the leading qualification in professional tax expertise and can be relied upon to provide the highest quality tax advice to business and personal clients.

Graduates of the Institute’s CTA Qualifying Examination come from different walks of life and are specialised in a variety of taxation fields such as Hong Kong Tax, PRC Tax, international taxation, tax disputes etc. In addition to working at accounting firms, some of the CTA Graduates are also serving at commercial firms and banks.  Let’s hear the sharing from our 2020 CTA Graduates.


Enrollment of 2021 Chartered Tax Adviser (CTA) Qualifying Examination is until noon, 14 September 2021.

Online Exam Enrollment (Member or Student’s log-in required): www.tihk.org.hk/online-exam-enrollment

To join the TIHK: www.tihk.org.hk/join-now


 

Tracy Pu, 2020 CTA Graduate

Studying CTA has been a great experience which equip me with the solid and well rounded tax knowledge that is very helpful in tackling the issues in practical work. The syllabus is global focused which compass International tax, Hong Kong tax and PRC tax alike. The tax professional today has diverse background, and is expected to be increasingly mobile and with an understanding of more than one taxation system an keep abreast of the latest developments.

It is challenging when study CTA while working full time in terms of the time and pressure management, I successfully navigated this process by creating my own study plan and stick to it as much as possible, if you don’t plan your time, you’re unlikely to get everything done that you need to. Be persistent, hard working and passionate about what you are doing is the key to the success.

The CTA qualification is held in high regard by employers and clients undoubtedly contributes to career progression. The examinations are up to date and based on cover the trends and what are now important areas in different tax systems. It is a challenging and rigorous qualification but I find it is rewardable for my career and my employer.

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Ben Chong, 2020 CTA Graduate

As a manager specializing in Hong Kong corporate tax services, I advise clients on various tax issues in my daily work.

The CTA Examination has helped me to keep abreast of latest tax developments in Hong Kong, the PRC and the world.  This is important for tax professionals in Hong Kong because the Hong Kong tax landscape has been changing significantly in recent years, and many of these changes were / are to be implemented in view of the international tax developments.  Such changes include, among others, the removal of ring-fencing features from the preferential tax regimes in Hong Kong, the codification of transfer pricing rules into the Hong Kong tax legislation and the introduction of the three-tiered transfer pricing documentation requirements as promulgated by the OECD in its BEPS Project.  The CTA Examination has equipped me with the latest Hong Kong, PRC and international tax knowledge that enables me to develop solutions to maintain / enhance tax efficiency and mitigate current and future tax compliance risks.

Overall, taking the CTA Examination has been a rewarding experience to me.  It was however challenging as well, given the wide coverage of examinable topics.  Self-discipline is therefore crucial in the preparation for the CTA Examination.  My advice to future candidates is that they should create and follow a study plan that allows sufficient time to cover each of the examinable topics.  Studying past examination papers could be useful; but candidates also need to be aware of the new tax legislations / developments, which are likely to be examined in the CTA Examination.

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Sam Chan, 2020 CTA Graduate

With the fast-changing taxation environment in recent years and growing complicated business structures, a Chartered Tax Adviser (“CTA”) equipped with integrated and comprehensive taxation knowledge is highly welcomed.

From theoretical analysis to practical tax planning, including but not limited to Hong Kong taxation and PRC taxation framework, the Certified Tax Adviser Qualifying Examination (has been renamed as “Chartered Tax Adviser (CTA) Qualifying Examinaiton in 2021, “the Examination”) definitely helps the candidates to gain all-round taxation knowledge. Through preparing for the Examination, my understanding on Hong Kong tax, PRC tax and international tax knowledge has been enhanced and integrated well. I believe what contributes to my success in the Examination is my endeavor in understanding and analysis on the similarities and differences of the taxation frameworks and trying to apply taxation concepts into one case study question by making reference to the tax ordinance, regulation and interpretation papers.

Being an Examination graduate and an in-house tax accountant, my suggestion to the future candidates is to spend time in understanding the essential of the conditions and criteria of different preferential tax regimes.

Last but not least, I would also like to take this opportunity to thank the TIHK staff organising the Examination during this difficult time.

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Caroline Chan, 2020 CTA Graduate

I am a qualified solicitor in Hong Kong and also a Chartered Secretary and Chartered Governance Professional of HKICS. I am currently in-house legal counsel and Senior Vice President of Fubon Bank (Hong Kong) Limited. My job duties mainly relate to provision of legal advisory services to user units within the Bank and to liaise and co-ordinate with the relevant business units, Company Secretary and Compliance in respect of both contentious and non-contentious matters and projects, including corporate and compliance issues from time to time.

Due to my job exposure, I am interested and had taken the professional diploma program in taxation with the City University of Hong Kong and sit for the CTA Qualifying Examination thereafter. I consider that the final paper of Advance Taxation Practice (P5) is the most difficult part of the examination. I spent almost a year on reading and digesting the information and materials in the Hong Kong Taxation and International Taxation textbooks as recommended by TIHK for preparation of the examination. I am glad to be granted the CTA designation as a Chartered Tax Adviser in 2021 which will certainly be helpful for my future career development as taxation is an important area in banking and business fields nowadays.

As a graduate of CTA, I would recommend future candidates to read through all the textbooks recommended by TIHK which are useful for examination purpose and also beneficial for our practice as a CTA professional.

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Elaine Li, 2020 CTA Graduate

The scope of the CTA Examination (the “Examination”) covering Hong Kong tax, PRC tax as well as International tax, is in line with the trend of globalisation and that cross-boarding transactions become prevalent and double taxation issues come to the public’s concern.

The CTA Examination requires proficient and integrated application of different taxes. By studying and preparing for the Examination, I got improvement in my analytical skills on complicated tax issues, which benefits me a lot at work. Time management and keeping an eye on the latest changes are very critical to the Examination, especially for Paper 5 (Advanced Taxation Practice), the case study and questions are very close to the reality and requires candidates to perform relatively comprehensive analysis and evaluation on subject matters in a very short time.

The designation of CTA is definitely an asset for me, it means more opportunities under the dramatic changing environment brought by the global tax reform.

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Tommy Leung, Highest Scorer in 2020 CTA Examination Paper 2 Hong Kong Tax

Thanks for giving me the opportunities to have my sharing here. As a professional examination, Paper 2 of CTA Examination gives me an impression of tough studying experience. It is because this is a close-book examination to assess the understanding of the complicated taxation system and the ability to solve the realistic practical issue in the professional taxation consulting industry. Hence, in order to finish the Paper 2 examination, try to imagine yourself as a taxation professional rather than a student, you are consulting your client and those questions during the examination are all from your clients.

During my study, I discovered the description of specific topic in the textbook might be too narrow, and the taxation system is actually an integrated system with intercorrelated application of concepts.  Try to focus on the practical application and focus on the full picture, because the taxation principles might be complicated literally but easy to be applied to the reality scenario. Moreover, the reference of the Inland Revenue Ordinance is necessary and beneficial to the understanding of the HK Taxation system.

Application and practice are essential to comprehend the taxation principles, hence students should fully utilize the resources provided by the TIHK, i.e. the past papers.

I hope all the students enjoy the study of the Paper 2 Hong Kong Tax of CTA examination.