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PRODID:-//The Taxation Institute of Hong Kong - ECPv5.0.0.1//NONSGML v1.0//EN
CALSCALE:GREGORIAN
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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
TZOFFSETTO:+0800
TZNAME:HKT
DTSTART:20240101T000000
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DTSTART;TZID=Asia/Hong_Kong:20240820T183000
DTEND;TZID=Asia/Hong_Kong:20240820T200000
DTSTAMP:20260604T141637
CREATED:20240806T100048Z
LAST-MODIFIED:20240808T084138Z
UID:620846-1724178600-1724184000@www.tihk.org.hk
SUMMARY:20240820 New Tax Pitfalls Facing Tax Exempt Charities and How to Mitigate
DESCRIPTION:The Inland Revenue Department’s (IRD) practice in administering tax exemption for charities is evolving. It is important for existing and prospective charities to understand the requirements to qualify for and maintain their tax exempt status.  However\, many tax-exempt charities are not aware that\, for example\, the exemption does not mean that all their income are automatically exempt from tax\, and does not mean all obligations under the Inland Revenue Ordinance are waived. As a result\, many charities may overlook certain reporting or withholding obligations. Meanwhile\, the IRD is stepping up its efforts in reviewing charities’ tax exempt status. Different types of charities and different types of issues are coming under the spotlight in turn. Charities that no longer meet the public benefit requirement may lose their tax-exempt status. \nAgainst the above background\, tax-exempt charities should stay alert to the IRD’s latest practices. \nIn this seminar\, the speakers will cover: \n\nIRD’s latest focus of challenges on charities ·\nCharities’ common tax pitfalls  ·\nPractical solutions for common charity-related tax issues·\nOther new developments·\nSharing of real cases\n\n
URL:https://www.tihk.org.hk/event/20240820-new-tax-pitfalls-facing-tax-exempt-charities-and-how-to-mitigate/
LOCATION:ET 2101-2\, 21/F\, Edinburgh Tower The Landmark 15 Queen’s Road Central\, Central  Hong Kong
CATEGORIES:Physical Seminar,Seminar
ATTACH;FMTTYPE=image/jpeg:https://www.tihk.org.hk/wp-content/uploads/2024/08/20240820-seminar-flyer-1.jpg
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