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20210608 Hong Kong Tax Updates 2021

Programme Code:
08 June 2021 (Tuesday)
6:00 pm - 7:30 pm

Mr. Patrick Kwong, Executive Director, Tax & Business Advisory Services, EY

Ms. Kathy Kun, Director, Tax & Business Advisory Services, EY

Live webinar
Proficiency Level:
Intermediate Level
$150 – $200
CPD Hours:
Event Categories:
Application Form:
20210608 flyer


This seminar will cover the latest developments in Hong Kong tax legislation, tax cases and revenue practices in the past year. The speakers will share with the participants their insights on these developments and their implications on their businesses.

Seminar highlights

  • Legislative developments:
    • New tax incentives for qualifying ship leasing businesses and insurance-related businesses
    • Proposed codification of the interim assessing practice as regards court-free amalgamations
    • Proposed tax concessions for carried interest distributed by eligible private equity funds operating in Hong Kong
  • Case law development:
    • China Mobile Hong Kong Company Limited v CIR – whether upfront spectrum utilisation fee is tax deductible?
    • Board of review decision D7/19 – whether royalties paid under a sale-and-license back arrangement are tax deductible under the general deduction provision and/or anti-avoidance provisions? Whether a tax treaty provision overrides the relevant provisions contained in the IRO?
  • Revenue practices update:
    • Change of the IRD’s practice as regards the taxation of digital businesses under DIPN 39
    • Interaction of accounting standards HKFRS 15 Revenue from Contracts with Customers and HKFRS 16 Leases with the tax legislation
    • Revised source rules for royalties in respect of acquired intellectual property rights

Speaker Profile

Mr. Patrick Kwong has more than 30 years of tax experience advising clients across various industries and sectors. He is a past president and a member of the Advisory Board of the Taxation Institute of Hong Kong. Patrick is also a member of the Joint Liaison Committee on Taxation, which is a forum for discussion between revenue officials, legislators, tax practitioners and other relevant bodies on tax related technical matters and legislation.Patrick is a regular speaker at tax seminars and conferences and has authored a number of tax articles published in various professional journals and magazines.

Kathy is a Director of the National Tax Centre of EY with over 15 years of experience. She is responsible for developing and updating tax training materials, as well as conducting internal tax training courses. She is a frequent speaker at tax seminars and is one of the authors of the Firm’s tax client publications.