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20210427 Charitable Organisations – An Update on the IRD’s Latest Reviews on Charities and Practical Solutions
The Inland Revenue Department’s (“IRD”) practice in reviewing charities’ tax exemption status continues to evolve. However, many tax exempt charities misunderstand that all their income is automatically tax-exempt under Section 88 of the Inland Revenue Ordinance, leaving them unprepared for the IRD’s reviews and getting penalised for non-compliance with requirements which they were not aware of.
In this webinar, the speakers will share their latest experience in assisting charities on resolving their tax problems, including:-
1.Update on charities’ common misunderstanding about tax
2.Practical solutions for charities’ common tax issues reviewed by the IRD
3.Filing obligations and penalties