Brexit: What Are the Tax Implications?
Following the U.K.'s decision to leave the European Union, the world's financial markets have been shaken, with the pound dropping sharply. According to The Guardian, investors pulled ￡5.7 billion from U.K. equity funds and ￡470 million from property funds since the Brexit vote. The fallout is expected to continue and leave businesses in a state of confusion as the U.K. prepares to formally exit the EU. To try and bring some clarity to possible outcomes, especially the tax ramifications, Tang Yee Man and Billy Thorne from EY shared their insights on the U.K.'s exit from an economic and tax perspective.
2016/10/05
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Observation on New Policies of Cross-Border E-Commerce from Customs Perspective
China has been the world‘s largest online retail market since 2013 with its transaction value reaching 3.88 trillion yuan in 2015. The authorities are now trying to nurture this new sector and facilitate imports by pushing ahead with the development of cross-border e-commerce. Ivy Chen, Senior Manager, Ernst & Young (China) Advisory Ltd, spoke at a Chamber roundtable luncheon on 20 June about the details of current import tax models of cross-border e-commerce and shared how industry players could get ready for changing customs regulations.
2016/06/20
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Seminar on Customs Policy of Cross-border E-Commerce
Michael Lin, Partner, and Ivy Chen, Senior Manager, from Ernst & Young China shared with members the latest developments relating to China’s customs policies for cross-border e-commerce at the Chamber’s roundtable luncheon on 26 June. They explained current regulations and emphasized the importance of selecting the appropriate business model.
2015/06/26
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Tax Reform and the Need for Economic Substance
Becky Lai, Senior Advisor, Greater China Tax Policy Services Leader and Tracy Ho, Tax Managing Partner, Hong Kong & Macau, E&Y Hong Kong shared with members at the Chamber roundtable luncheon on the latest tax developments of Hong Kong and Mainland China on 12 May.
2015/05/12
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Taxation Committee Roundtable Luncheon: Year End Payroll – Getting It Right
Compared to many other countries, Hong Kong employers have a relatively straight forward payroll process because there is no monthly payroll tax withholding. In the absence of monthly payroll tax withholding obligations, the Inland Revenue Department would therefore rely on employers to file full and accurate returns at the end of every tax year. Employers do and often commit missteps and there are many pitfalls associated with employer's tax reporting. At a lunchtime seminar on 28 January, Ami Cheung, Partner, Human Capital, EY, spoke on the risks associated with errors and omissions that may be inadvertently committed by employers when filing their payroll returns.
2015/01/28
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