Dear Fellow Members,

I am delighted to be re-elected as the President of the Taxation Institute of Hong Kong (“TIHK”) for another term in September 2021.  I sincerely thank you all for your continued support of TIHK’s work and activities.

Four new Council Members are welcomed to join the Council this year through a competitive election and I also thank the retired Council Members for their past contribution to the Institute.  As you may know, there were many policies, measures and changes over the tax world recently, from the new development in Greater Bay Area for tax professionals to global BEPS 2.0 on worldwide tax landscape, the Institute is therefore equipped to catch the golden opportunities and will update members for any new measures implemented in a timely manner.

Following my last year’s presidency, the Institute’s plans and priorities for 2021/22 will cover (a) promote membership growth, member service and enhance the Institute’s public image; (b) drive the development of the Institute in Mainland China under 14th Five-Year Plan; (c) uphold the standard of the CTA designation, especially providing more support to students; and (d) promote the Institute’s 50th anniversary.

Our membership service was seriously affected by the pandemic over the past two years while most activities had been switched to online or hybrid mode with social distancing requirements to comply.  With the continuous stable pandemic situation in Hong Kong, our Publicity & CTA Promotion Committee planned ahead for various activities for the forthcoming year to continue to build a stronger network with student and young members via various activities including Voluntary Tax Services to the public, tax debate competition and group site visit etc.

The second session of the Global CTA Tax Webinar Series, organized by International Tax Committee (“ITC”) with Chartered Institute of Taxation, the Irish Tax Institute and The Tax Institute in Australia was successfully held in September 2021.  Near 1,500 attendees from all over the world, of which more than 200 are TIHK members, joined the webinar with near 700 live views during the webinar and playbacks for over 1,000 times. Speakers from UK, Ireland, Australia and Hong Kong shared their valuable insights on the digitalization of tax.

The Institute plans to enhance the public image to members as well as general public via different online platforms under the new normal.  The first episode of the basic tax tips video series, featured by Ms Anita Tsang and Ms Doris Chik, Vice-Chairman and Committee Member of ITC, with topic “Learn more about International Tax – What’s BEPS?” had been uploaded to the Institute’s website, Facebook and YouTube channel.  More episodes will be published later for members’ information.

2021 Hong Kong Chartered Tax Adviser Conference and Cross-border Tax Conference will be held in December 2021 with the post-BEPS 2.0 era sharing by government officials, tax experts and professionals from commercial sectors.  Different tax associations from Mainland China, Macau and Taiwan will also share the opportunities and challenges for tax service providers under the global digital transformation of tax administration.  As you may aware the significant impact of Pillar 1 and Pillar 2 of BEPS 2.0 project to tax professionals and practitioners, I recommend you to participate in this annual event for reaching the latest information in this aspect.

To further promote the upcoming 50th anniversary of Institute, the 50th Anniversary Taskforce will leverage the power of the Internet and collaborate with other committees including Publicity & CTA Promotion Committee, Young Member Committee and Membership and Member Service Committee on promotion of our remarkable milestone in tax sector in Hong Kong.  Programmes such as Membership Referral Scheme, Slogan Competition, Like Facebook Giveaway, Mentorship program, etc. will be launched on a respective timeframe.

Finally, I would like to once again thank all the Council Members and Advisers for their continued dedication and contribution as well as all of you for supporting TIHK’s activities.  I look forward to seeing you face to face in the coming year and joining hands to strengthen the CTA tax professionals’ recognition.

Yours sincerely,

Webster Ng
President 2021/2022