Past Events

Following a seminar on the government’s proposed Foreign-sourced Income Exemption (FSIE) Regime in September, the Chamber again hosted Sarah Chan and Kwan Yu, Tax Partners from Deloitte China, on 1 December, when they provided updates on further legislative developments with the relevant Bill, which was gazetted in October 2022 and is expected to come into force on 1 January 2023. They also shared insights on the Bill's impact on businesses and offered advice on possible responses by affected entities including applications for CIR Opinion, an interim measure to provide taxpayers with certainty on their compliance with economic substance requirements under the FSIE regime.