Past Events

Hong Kong has entered into Comprehensive Double Taxation Agreements (CDTA) with 40 jurisdictions. The advantage of CDTAs is the reduction or elimination of double taxation on certain cross-border transactions, but it is necessary to first obtain Hong Kong resident status to enjoy these tax benefits. At a lunchtime seminar on 28 February, Wilson Cheng and Cherry Lam, Partners from EY, explained that the practice of the Inland Revenue Department in issuing certificates of resident status has become more stringent. In particular, the speakers examined the procedures and criteria for obtaining Hong Kong resident status through sharing some practical cases. They also touched on the approach adopted in Mainland China and Indonesia in determining tax residency status.

Ernst & Young