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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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TZOFFSETFROM:+0800
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TZNAME:HKT
DTSTART:20230101T000000
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DTSTART;TZID=Asia/Hong_Kong:20231004T183000
DTEND;TZID=Asia/Hong_Kong:20231004T200000
DTSTAMP:20260604T210653
CREATED:20230817T093638Z
LAST-MODIFIED:20230824T090136Z
UID:606919-1696444200-1696449600@www.tihk.org.hk
SUMMARY:20231004 Crypto Business Opportunities in  Hong Kong – Tax and Regulatory Frameworks
DESCRIPTION:Hong Kong has recently given the green light for the retail trading of cryptocurrencies\, marking a significant moment in the industry.  The “Policy Statement on Development of Virtual Assets in Hong Kong” issued by the Financial Services and the Treasury Bureau (“FSTB”) in October 2022 defines the regulatory framework and ecosystem regarding the local development of crypto asset businesses.  Along with the policy statement\, a landmark court case in March 2023 formally legitimates the legal status of cryptocurrencies in Hong Kong. \nThe Securities and Futures Commission (“SFC”) has been engaged in the ongoing review and development of crypto asset businesses in Hong Kong.  As part of these initiatives\, the rights and interests of individuals and corporate entities that participate in these trading/business dealings is one of the major areas that the SFC is placing a particular focus. \nMultinational businesses which are considering the optimal location to set up their cryptocurrency trading businesses (e.g. initial coin offering) are wondering the new changes of the legal regulatory framework in Hong Kong in respect of virtual asset industry can bring benefits to their group’s long term development strategy. \n  \nIn this seminar\, the speaker\, who is an experienced tax practitioner\, will cover the following: \n\nIntroduction of the new regulatory frameworks of the cryptocurrency sector in Hong Kong.\nAccounting treatments of cryptocurrency in Hong Kong.\nHong Kong Profits Tax treatments of the gain arising from disposal of crypto assets.\nOverseas tax treatments regarding the disposal gain of crypto assets.\nWhat is initial coin offering and will Hong Kong be a future hub in this area.\nInteractive Q&A session.\n\n
URL:https://www.tihk.org.hk/event/20231004/
LOCATION:TIHK Office\, 21/F\, Kam Sang Building\, 255-257 Des Voeux Road Central\, Hong Kong
CATEGORIES:Seminar,Webinar
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