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PRODID:-//The Taxation Institute of Hong Kong - ECPv5.0.0.1//NONSGML v1.0//EN
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X-WR-CALNAME:The Taxation Institute of Hong Kong
X-ORIGINAL-URL:https://www.tihk.org.hk
X-WR-CALDESC:Events for The Taxation Institute of Hong Kong
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TZID:Asia/Hong_Kong
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DTSTART:20230101T000000
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DTSTART;VALUE=DATE:20230729
DTEND;VALUE=DATE:20230730
DTSTAMP:20260605T022533
CREATED:20220704T050129Z
LAST-MODIFIED:20220804T044724Z
UID:584375-1690588800-1690675199@www.tihk.org.hk
SUMMARY:e20220729 A new era to Hong Kong taxation – Recent development on the Foreign Source Income Exemption ("FSIE") regime
DESCRIPTION:\n \nPlease be reminded that this is an e-seminar which can be accessed anytime to obtain the CPD hours.\nHong Kong has been adopting territorial source principle of taxation and income not sourced from Hong Kong is generally not chargeable to Hong Kong profits tax. Accordingly offshore passive income for instance dividend\, interest\, disposal gains and royalty income with offshore sourced are generally exempt from tax in Hong Kong. \nThe European Union (“EU”) raised concerns towards Hong Kong territorial source tax system and has put Hong Kong on the “watchlist” of its list of non-cooperative jurisdictions for tax purposes in October 2021. If Hong Kong does not adequately respond to EU’s concerns\, it will be blacklisted by the EU for tax purposes and Hong Kong-based enterprises may be subject to defensive measures imposed by EU member countries. \nTo address the above\, the Hong Kong government has recently released a consultation paper on the proposed refinements to Hong Kong’s foreign source income exemption (“FSIE”) regime\, expecting for an introduction of amendment bill in Legislative Council in October 2022 and the passage of law by end of 2022. \nIn this live webinar\, the speakers will: \n\nElaborate on the in-scope taxpayer and in-scope passive income that applicable to the FSIE regime\nExplain the taxing rationale as described in the Consultation Paper\, with particular focus on Economic Substance Requirement and Nexus Approach\nHighlight the unclarified areas with scenario analysis\, and\nOther implementation and compliance arrangements as described in the Consultation Paper.\n\nNo CPD hours will be granted if you have already attended the live webinar on 29 July 2022.\n
URL:https://www.tihk.org.hk/event/20220729-2/
CATEGORIES:Eseminar,Eseminar
ATTACH;FMTTYPE=image/png:https://www.tihk.org.hk/wp-content/uploads/2022/07/20220729-flyer-for-website.png
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