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PRODID:-//The Taxation Institute of Hong Kong - ECPv5.0.0.1//NONSGML v1.0//EN
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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:20220101T000000
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BEGIN:VEVENT
DTSTART;TZID=Asia/Hong_Kong:20220726T183000
DTEND;TZID=Asia/Hong_Kong:20220726T200000
DTSTAMP:20260605T133641
CREATED:20220616T105150Z
LAST-MODIFIED:20220621T082331Z
UID:582000-1658860200-1658865600@www.tihk.org.hk
SUMMARY:20220726 Digital economy and e-commerce – virtual world but real tax controversies
DESCRIPTION:As the economy increasingly shifts to the virtual world\, new business models continue to flourish. In addition to online sales of physical goods and services\, in-game virtual items like loot boxes can also be sold through microtransactions. 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. Cryptocurrencies and other digital assets like non-fungible tokens (NFTs) are also increasingly common. 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\, amid the rapid evolution in business models in the digital economy\, certain tax issues remain uncertain in different practical situations despite the updates in the IRD’s Departmental Interpretation and Practice Notes No. 39 in 2020. Such uncertainties also lead to new areas of potential tax disputes. \nIn this live webinar\, the speakers will: \n\nRecap the IRD’s latest views on the taxation of digital economy\, e-commerce business and digital assets\nIllustrate new issues of tax dispute arising from the digital economy\nHighlight the potential tax issues of transactions in digital assets\nShare some recent practical cases\n\n
URL:https://www.tihk.org.hk/event/20220726/
LOCATION:Live webinar
CATEGORIES:Seminar,Webinar
ATTACH;FMTTYPE=image/png:https://www.tihk.org.hk/wp-content/uploads/2022/06/20220726-for-website.png
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