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VERSION:2.0
PRODID:-//The Taxation Institute of Hong Kong - ECPv5.0.0.1//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
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
TZOFFSETTO:+0800
TZNAME:HKT
DTSTART:20240101T000000
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BEGIN:VEVENT
DTSTART;TZID=Asia/Hong_Kong:20240422T183000
DTEND;TZID=Asia/Hong_Kong:20240422T200000
DTSTAMP:20260604T155310
CREATED:20240410T103037Z
LAST-MODIFIED:20240422T080856Z
UID:617269-1713810600-1713816000@www.tihk.org.hk
SUMMARY:20240422 Mutual Agreement Procedure and Advance Pricing Arrangement Developments in Hong Kong SAR
DESCRIPTION:Under the current challenging tax and economic environment\, there has been a growing number and size of tax disputes between multinational enterprises (MNEs) and tax authorities globally in recent periods. As a dispute resolution mechanism\, Mutual Agreement Procedure (MAP) has been proven to be an effective mean in resolving cross-border double taxation issues in tax disputes. Recently\, we have assisted an MNE client in the conclusion of the first Hong Kong SAR (Hong Kong) – Chinese Mainland MAP case in Hong Kong relating to Transfer Pricing (TP) dispute since the release of MAP guidance by the Hong Kong Inland Revenue Department (HKIRD). We have achieved a corresponding adjustment and obtained a substantial tax refund from the HKIRD\, which is a very encouraging outcome to all taxpayers. \nMeanwhile\, Advance Pricing Arrangement (APA) provides a mechanism for taxpayers to obtain tax certainty for future (and historical) years\, which could also reduce the incidence of double taxation and costs associated with audit defence in tax controversies. \nIn this seminar\, we will share our insights and experience in dealing with MAP and APA cases in Hong Kong and Chinese Mainland. Particularly\, we will cover the recent success story of our MNE client in MAP application in Hong Kong\, the benefits of engaging in MAP\, and the key considerations in the application process: \nHighlights of the seminar \n\nLatest development of MAP in Hong Kong\nMAP application – our success story\nKey considerations to a successful MAP application\nHow APA can help manage TP risk and obtain tax certainty\n\n
URL:https://www.tihk.org.hk/event/20240422-mutual-agreement-procedure-and-advance-pricing-arrangement-developments-in-hong-kong-sar/
LOCATION:Live webinar
CATEGORIES:Seminar,Webinar
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