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TIHK Seminar: Tax Sharing: Practical considerations of family office regime in Hong Kong

The Inland Revenue (Amendment) (Tax Concessions for Family-owned Investment Holding Vehicles) Ordinance 2023 (the Ordinance) was gazetted and came into operation on 19 May 2023. The Ordinance provides profits tax concessions for eligible Family-owned Investment Holding Vehicles (FIHVs) managed by eligible Single Family Offices (SFOs) in Hong Kong; and Family-owned Special Purpose Entities (FSPEs). Only the assessable profits of FIHVs and FSPEs arising from qualifying transactions and incidental transactions are eligible for profits tax concessions, which apply in respect of a year of assessment commencing on or after 1 April 2022.

The Inland Revenue Department (IRD) has provided some useful guidance in its website for taxpayers seeking to enjoy the tax concession. The IRD has also published Advance Ruling Case No. 73, the first ruling in respect of the new family office tax regime, for taxpayers’ reference.

In this seminar, the speakers will cover the following:

  • Give a brief background on the development of family offices in Hong Kong
  • Discuss the IRD guidance
  • Explore the key issues in the Advance Ruling Case No. 73
  • Share practical considerations involved in the above advance ruling application, and common issues in setting up family office structures

Programme Code:20240626

Date:26 June 2024 (Wednesday)

Time:6:30 pm – 8:00 pm

Language:Cantonese

Venue:ET 2101-2, 21/F, Edinburgh Tower The Landmark 15 Queen’s Road Central, Central Hong Kong

Speakers: Ms Sophia Chan, Partner, Tax Services, PwC Hong Kong  &  Ms Wise Lam, Partner, Private Clients and Family Office Services

CPD Hours:1.5

Seat:75

Click here to register!

2024 CTA Examination Enrollment until 11 September

The Taxation Institute of Hong Kong (TIHK) is pleased to announce that the 2024 Chartered Tax Adviser (CTA) Qualifying Examination will be held from 16 to 18 October 2024.

1. Enrollment

Members and Students can log-in their account to enroll the examination online: www.tihk.org.hk/online-exam-enrollment. Enrollment for the 2024 CTA Examination is open until 12:00 noon, 11 September 2024.

2. Examination Dates 

Paper Examination Date
Paper 1 – Accounting and Finance 16 Oct 2024 (PM), Wednesday
Paper 2 – Hong Kong Tax 17 Oct 2024 (AM), Thursday
Paper 3 – International Tax 18 Oct 2024 (AM), Friday
Paper 4 – PRC Tax 17 Oct 2024 (PM), Thursday
Paper 5 – Advanced Taxation Practice 18 Oct 2024 (PM), Friday

3. Syllabus

Members and Students who wish to take the 2024 CTA Examination are strongly advised to read through the latest examination syllabus at www.tihk.org.hk/syllabus

4. Exemptions

Exemptions from the CTA Examination may be granted from Paper 1, Paper 2, Paper 3 or Paper 4, or a combination thereof, up to a maximum of 4 papers only, to candidates who possess the recognised professional qualification or have completed the accredited academic programmes listed in www.tihk.org.hk/exemptions.  No exemption from Paper 5 is to be granted.

If you wish to apply for exemption from the CTA Examination, please complete and return the enrollment form, together with any relevant supporting document(s) and payment, to the TIHK Secretariat before the enrollment deadline.  To download the enrollment form, please click below:

CTA Exam Enrollment Form

5. Textbook 

The Institute and Wolters Kluwer have jointly published the textbook “International Tax Law & Practice (1st edition)” for Paper 3 – International Tax.  A comprehensive 100-page supplement was published in September 2021 in electronic format and provided to those who have bought the textbook free of charge.  To order the textbook, please click here.

Should you have any enquiries regarding the 2024 CTA Examination, please contact the TIHK Secretariat by email: [email protected], or telephone: 2810-0438.

 

TIHK x SCAA x AWAHK Seminar: The Use of IRD iXBRL Data Preparation Tools (Re-run)

*TIHK members only (Free of charge)

The Inland Revenue Department (IRD) launched enhanced e-filing services for profits tax returns on 1 April 2023.  These services aim at promoting tax digitalization and enhancing the efficiency of the profits tax returns filing. The enhanced e-filing services include e-submission of supporting documents in iXBRL format.  The IRD provides free conversion tools, namely, IRD iXBRL Data Preparation Tools (the Tools) for corporations and businesses to convert financial statements and tax computations into iXBRL data files.

To provide additional support to the practitioners, IRD co-organizes a course with The Society of Chinese Accountants & Auditors (SCAA), Association of Women Accountants (AWAHK) and The Taxation of Institute of Hong Kong (TIHK) to give hands-on training on the operation of the Tools.  The speakers will also walk you through the basic features of the IRD Taxonomy Package, overview and functions of the Tools, and demonstrate the process flow from preparation to generation of the iXBRL finalised package.

 

Programme Code: 20240619

Date: 19 June 2024 (Wednesday)

Time: 6:30 pm – 9:30 pm

Speakers: Ms Emily Hui, Tax Manager, PwC Hong Kong & Mr Tim Kui, Tax Senior Manager, PwC Hong Kong

Language: Cantonese

Venue: 7/F, Righteous Centre, 585 Nathan Road, Mongkok, Hong Kong Hong Kong, China

CPD Hours: 3

Seat: 40

Click here to register

TIHK Event – Tax Information Day 2024

2024年度「全國稅務師職業資格考試」(香港考場) 補報名期至 8月13日

2024年度「全國稅務師職業資格考試」(香港考場)

報名期由即日至7月12日下午5 時

補報名曰期: 2024年8月6日上午10 時至8月13曰下午5 時

考試日期、時間及科目如下:

日期 時間 科目 考試方式
2024年11月2日

(星期六)

9:00 – 11:30 稅法(一) 電腦閉卷考試
13:00 – 15:30 稅法(二)
16:30 – 19:00 涉稅服務相關法律
2024年11月3日

(星期日)

9:00 – 11:30 財務與會計
14:00 –16:30 涉稅服務實務

 

報名時間︰

報名期:由即日至7月12日下午5 時

補報名期:2024年8月6日 10:00 至 8月13日 17:00

 

考試收費︰

香港區考試費每科人民幣900元(只接受現金)或港幣1,100元(支票或現金)。報考人士可以支票或現金支付考試費,支票抬頭寫「香港稅務學會」。

 

考試程序︰

  1. 首次報考人士/首次經香港稅務學會報考的人士,必須把填寫好的「2024年香港、澳門報名資訊表」(注)連同下列文檔電郵至︰[email protected]。如欲查詢認可之海外大學名單,請瀏覽中國教育部留學服務中心:http://www.crs.jsj.edu.cn/index.php/default/index/sort/8
  • 香港身份證及回鄉證/通行證;
  • 最高學歷證書(暫未取得學歷(學位)的報考人士須提供學生證);
  • 工作年限證明(從事經濟類、法律相關工作);
  • 報考人士本人最近一年內的1寸免冠白底證件照片;及
  • 申請免試《財務與會計》科目的報考人士,必須提交香港會計師公會正式會員證書及由公會發出的書面證明,確認其入會日期及2024年度的會員資格(good standing)

經秘書處確認後,首次報考人士必須攜帶上述文檔的正本於辦公時間內   親臨香港稅務學會   辦理審核及繳交考試費用。

  1. 曾透過香港稅務學會報考的人士,請把填寫好的「2024年香港、澳門報名資訊表」 連同最近1年內的1寸免冠白底證件照片電郵至︰[email protected]。考試費用可以劃線支票郵寄或親臨香港稅務學會繳交。

注︰
– 報考人士填寫「2024年香港、澳門報名資訊表」前請先細閱資訊表內的「香港、澳門考生報名資訊表填寫說明」
– 相片應為標准證件數字照片,文件格式為JPG或JPEG格式,白色背景,尺寸25mm*35mm,像素>=295*413。

 

公告及報名表格︰

考試公告︰

2024年香港、澳門報名資訊表︰

 

查詢

香港稅務學會

辦公地址︰香港上環德輔道中255-257號錦甡大廈21樓(上環地鐡站「B」出口)

辦公時間︰星期一至五,9:30至18:30(公眾假期除外)

電話:+852 2810-0438

傳真:+852 2523-1263

電郵:[email protected]

TIHK Free Seminar — Key Issues Arising from The China Two Sessions 2024

 

Programme Code:20240516

Date:16 May 2024 (Thursday)

Time: 6:30 pm – 7:30 pm

Speakers: Dr Thomas S.T. So JP, Chairman of eBRAM International Online Dispute Resolution Centre & Mr Peter Kung, Past President of The Taxation Institute of Hong Kong

Language:Cantonese

Venue: Room 202, Duke of Windsor Social Service Building, No. 15 Hennessy Road, Wanchai

Proficiency Level: Non-technical level

Click here to register now!

IRD Electronic Filing: Tax Return – Individuals 2023/24

File Tax Return – Individuals through eTax to enjoy personalized on-line tax services.  Electronic filing is secure, easy and environment-friendly.

Please visit www.gov.hk/etax for details.

 

.

CPA Sports Carnival 2024(香港會計界第二屆運動嘉年華)

The event, themed“勝會香港 • 活力CPA”, aims at providing an occasion for professional accountants to interact through engaging in different sports activities and to share the benefits of exercise.  Last year, over 1,000 CPAs and their friends and families took part in competition and fun games for an unforgettable magical day.

Event Information:
Date: 4 May 2024 (Saturday)
Time: 9:00 am – 2:00 pm
Venue: Hammer Hill Road Sports Ground 158 Hammer Hill Road, Diamond Hill, Kowloon
For details, please visit at https://www.scaacpa.org.hk/web/subpage.php?mid=119&id=3259
For enquiries, please contact SCAA secretariat at [email protected]
IRD – New Era of Profits Tax Filing

Inland Revenue Department – 2023-24 Profits Tax Filing

 

The Inland Revenue Department (IRD) issued 2023/24 Profits Tax returns to corporations and partnership businesses on 2 April 2024. This is the second year in which the IRD has implemented the voluntary e-filing initiative. Taxpayers are encouraged to participate in the voluntary e-filing of their profits tax returns and the required forms together with the supporting documents (including financial statements and tax computations) in iXBRL format.

To facilitate taxpayers in preparing the required iXBRL data files, the IRD is providing the IRD Taxonomy Package (the Taxonomy) and the IRD iXBRL Data Preparation Tools (the Tools), which can be downloaded from the IRD website, free of charge.

The Taxonomy and the Tools have been updated and enhanced this year. The major enhanced features include:

  • Adding a roll-over function
  • Increasing the gross income threshold for the use of Template Tool from HK$2million to HK$5million

Meanwhile, the first Traditional Chinese edition of the Taxonomy and the Traditional Chinese Tools, which enable taxpayers to convert their Traditional Chinese supporting documents into iXBRL data files, will also be launched.

More details on e-filing of profits tax returns and iXBRL filing can be found on the IRD webpages at www.ird.gov.hk/e_epf and www.ird.gov.hk/eng/tax/bus_ixbrl, respectively.

For enquiries, taxpayers may contact the IRD at [email protected], or access e-Appointment to book a specific timeslot to make enquiries via phone.

Benefits of e-filing

  • Minimizing errors in tax filing
  • Reducing the turnaround time for signature or authorization arrangement
  • Enhancing the efficiency, reliability and accuracy
  • Providing round-the-clock service
Extension! 2023 TIHK Chartered Tax Adviser E-Conference

e20231201 2023 TIHK Chartered Tax Adviser E-Conference

 

Programme Code:e20231201

Date:18 March 2024 (Monday)

Language:English and Mandarin

Venue: Online Platform

Fee: $1,000 (Members only)

CPD Hours:7

Seat:300

Event Categories:

Remark: The e-Conference is available to watch until 7 April 2024

Click here to register! https://www.tihk.org.hk/event/20231201-2/