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We have witnessed rapid changes recently in the international taxation regime, especially on tax compliance and transparency. Tax administrations around the world attempt to protect their tax base through unilateral and collective efforts, henceforth the introduction of the US' Foreign Account Tax Compliance Act (FATCA), and the OECD's Common Reporting Standard (CRS) for Automatic Exchange of Financial Account Information in Tax Matters (AEOI) and Base Erosion and Profit Shifting (BEPS). These measures inevitably impact businesses, notably in the area of regulatory compliance such as tax audits.

Following a very well-received talk on the implications of AEOI on tax audits in Hong Kong on 25 April, the Chamber is pleased to organise a series of tax controversy workshop again with Ernst & Young's Hong Kong Tax Controversy Team. To help members stay on the right side of the law, Wilson Cheng, Partner from EY and his team, will provide insights based on his years of tax audit expertise and practical experience dealing with the Field Audit and Investigation Unit (FAI Unit) of the Inland Revenue Department (IRD). The workshop will cover basic knowledge of handling tax audit cases, regulatory framework, administrative and procedural matters, update on the recent developments on the practices and focuses of the FAI Unit, and actual and practical tax audit case study.

Workshop 1 – "Introduction of Tax Field Audit and Investigation in Hong Kong" on 20 November 2017
i.    What is tax controversy and what does it involve
ii.   Structure of the IRD and FAI Unit
iii.  High-level review of the tax audit process
iv.  IRD case selection method
v.   Common tax issues under audit
vi.  How do taxpayers know whether they are being tax audited

Workshop 2 – "Understanding the IRD Tax Audit Approaches" on 22 November 2017

Workshop 3 – "Tax Audit Settlement & Negotiation Strategy" on 29 November 2017

This series of workshops should be of interest to all those who would like to have a better understanding of tax audits in Hong Kong, particularly relevant to solicitors, accountants and people who work in the Accounting/Finance/Tax/Legal departments.

Speaker(s) Mr Wilson Cheng, Partner, Ernst & Young's Hong Kong Tax Controversy Team
Language English
Date and Time 2017/11/20 09:00 to 12:00
Venue Chamber Theatre, 22/F United Centre
Media Closed to media
Enquiries Karen Au
Tel: 28231200
Fee Members @ HK$330 / Non-Members @ HK$700
+$50 for booking offline
This event accepts Chamber Coupon (terms and conditions)
Members enjoy 30% discount with BOC HKGCC VISA Card
Notes - Bookings will only be confirmed with full payment, on a first-come-first-served basis.
- Substitution is allowed for corporate members only with advanced notice while walk-ins will normally not be accepted.
- Please note that the Chamber reserves the right to decline any booking or cancel the event without explanation. In any such instance, the event fee will be returned in full.
- There will be no refund for attendees cancelling or not showing up for the event unless the cancellation request is made in writing at least 3 days before the event, and in such cases the refund will be subjected to a 10% administration fee, or HK$100 deduction, whichever is higher.
- Members paying with their BOC HKGCC Visa Card will enjoy a 30% discount on their reservation. The discount is only applicable to the card holder, and does not extend to their guests. The discount cannot be used in conjunction with Chamber Coupons.
- Starting 1 January 2017, all off-line bookings (e.g. fax, e-mail, post) for Chamber events will be charged a $50 handling fee per person. Make the switch to online today by installing our app or registering via our website to save the environment and save money.
- Priorities are given to corporate members. The decision to accept or decline any bookings shall be at the sole discretion of the Chamber.