The question papers, suggested answers and the examiner's reports for 2019 Certified Tax Adviser (CTA) Qualifying Examination have been released and uploaded onto the TIHK website.
Members and Students please login your TIHK account and visit: www.tihk.org.hk/v2/cta/past
The Asia-Pacific Journal of Taxation (APJT) has introduced a new “Letters to the Editors” column from Volume 22 Number 1 (2018) Issue. TIHK members and non-TIHK friends are encouraged to submit their concerns/opinions on any tax matters (e.g. tax policy issues, IRD practice, etc.).
All letters for APJT Volume 24 No. 1 (2020) Issue should be submitted by 31 March 2020.
Should you have any enquiries regarding the new column, please do not hesitate to contact us on 852 2810-0438 or firstname.lastname@example.org.
Please refer to the attached for the submission guidelines.
Tax measures needed to support businesses in the coronavirus outbreak
TIHK’s 2020/21 Budget Proposals calls for new thinking to meet the challenges ahead
Hong Kong, 19 February 2020 – With the contraction of the economy in the 3rd and 4th quarters of 2019 and a gloomy outlook in 1st quarter 2020 due to the coronavirus outbreak, TIHK forecasts the HKSAR Government to record an HKD 53.3 billion consolidated budget deficit for the fiscal year 2019/20. Given the current economic situation and with the challenges ahead, the Institute believes that the 2020/21 Budget should focus on implementing measures that support enterprises and employment in the short term while fostering a business and tax environment that is conducive to the development of new economies in the long term....
More details in the attached pdf file.
The TIHK budget proposals 2020-21 is available at http://www.tihk.org.hk/v2/about/budget.
Members and Students should complete the 2020 Membership Renewal Exercise on or before 31 March 2020. Please refer to the attached step-by-step tutorial for more details or visit www.tihk.org.hk/v2/member/membership_renewal.
If you have difficulties renewing your membership online or accessing our website, please contact the Secretariat at email@example.com or 2810 0438.
In view of the current outbreak of novel coronovirvus, the Institute has decided to postpone the following seminar/workshop to be held in Feb 2020:
1. Workshop: A step-by-step approach to Tax Audit handling
(Will be rescheduled to 29 Feb, 07 Mar, 14 Mar & 28 Mar 2020)
2. Seminar: Update on US Tax Reform
(Will be postponed and details to be confirmed)
If you have any enquiries, please contact the Secretariat by firstname.lastname@example.org for more details.
In view of the recent suspension of services of the Inland Revenue Department (IRD) and the outbreak of novel coronavirus, the Institute has earlier proposed to the IRD to extend the loss case filing deadline under M-code to 28 February 2020.
The IRD has agreed that for tax representatives that have submitted extension requests for 2018/19 loss cases in accordance with the IRD’s Block Extension Letter dated 11 March 2019, the due date for those M-code cases will be further extended to 28 February 2020. This further extension is granted subject to the condition that the Profits Tax return to be lodged shall show an allowable loss.
The Institute thanks the IRD for their understanding in this difficult time.