BEGIN:VCALENDAR
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
BEGIN:VTIMEZONE
TZID:Asia/Hong_Kong
BEGIN:STANDARD
TZOFFSETFROM:+0800
TZOFFSETTO:+0800
TZNAME:HKT
DTSTART:20210101T000000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=Asia/Hong_Kong:20211028T183000
DTEND;TZID=Asia/Hong_Kong:20211028T200000
DTSTAMP:20260605T220537
CREATED:20211006T035653Z
LAST-MODIFIED:20211015T033855Z
UID:560457-1635445800-1635451200@www.tihk.org.hk
SUMMARY:20211028 New tax controversy issues arising from digital economy and how to handle
DESCRIPTION:Digital technology has undeniably transformed the commercial landscape. In addition to online sales of physical goods and services\, in-game virtual items like loot boxes can also be sold through microtransactions. On the other hand\, KOLs (Key Opinion Leaders) can capitalize on their influence and derive income from different social media. Businesses can also access markets across borders without establishing a physical presence. These new creations of the digital economy have brought new issues of disputes between taxpayers and the Hong Kong Inland Revenue Department (“IRD”)\, and require novel approaches to handle. \nMeanwhile\, the OECD has recently released the “Statement on a Two-Pillar Solution to Address the Tax Challenges Arising From the Digitalisation of the Economy” summarizing the key components of Pillar One and Pillar Two of the Base Erosion and Profit Shifting (“BEPS”) 2.0 Project on 1 July 2021.The Statement indicates that a detailed implementation plan will be finalised by October 2021 and come into effect in 2023. It is expected that the Hong Kong government will consider the most appropriate response measures required to maintain the competitiveness of Hong Kong. \nIn this upcoming webinar\, the speakers will share with you the IRD’s latest practice in handling the tax disputes arising from digital transactions\, and their observations the latest global development for taxing the digital economy as well as its potential impact on Hong Kong tax system. \nHighlights of the webinar include: \n· Recap of Hong Kong tax rules governing e-commerce business \n· New issues of tax disputes arising from digital economy \n· Outline of global tax development in digital economy \n· Potential impact of BEPS 2.0 on Hong Kong tax system \n· Illustrative examples \n· Real-time Q&A session \n
URL:https://www.tihk.org.hk/event/20211028/
LOCATION:Live webinar
CATEGORIES:Seminar,Webinar
ATTACH;FMTTYPE=image/png:https://www.tihk.org.hk/wp-content/uploads/2021/10/20211028-for-website.png
END:VEVENT
END:VCALENDAR