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20210427 Charitable Organisations – An Update on the IRD’s Latest Reviews on Charities and Practical Solutions

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Programme Code:
20210427
Date:
27 April 2021 (Tuesday)
Time:
6:30 pm - 8:00 pm
Speakers:

Mr Philip Hung, Director, Tax Controversy Services, PwC Hong Kong

Mr Felix Tsang, Senior Manager, Tax Controversy Services, PwC Hong Kong

Language:
Cantonese
Proficiency Level:
Intermediate Level
Fee:
$150 – $200
CPD Hours:
1.5
Seat:
300
Event Categories:
,
Application Form:
20210427 flyer

Description

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

4.Case sharing

5.Q&A

Speaker Profile

Philip has over 30 years’ experience in Hong Kong taxation with six years in IRD. He is a well-known expert in the tax field and investigation specialty. After he left the IRD, Philip concentrated in assisting clients in handling tax investigation and field audit cases. He is the first to set up a specialized team to handle the IRD’s tax investigation and field audit cases for clients in the industry. His clients include fund managers, SME, listed companies and various MNC. He assisted in handling complicated cases such as worldwide onshore/offshore claim, disputes on contracting processing and import processing arrangements, offshore claim for Macao Offshore Company, IRD prosecution case and transfer pricing adjustments

Felix has over 15 years of experience in handling tax audits for multinational as well as local clients in different industries, including manufacturing, services and fund management, involving a diverse range of issues such as cross-border transactions, offshore claims, anti-avoidance and transfer pricing. Felix also has extensive experience on tax advisory projects including tax health check, defence file building, post-audit restructuring, fund set up, mergers and acquisitions.