Entering the BEPS 2.0 Pillar Two Era: Unveiling the New Tax Landscape and Impacts
PwC tax experts Jesse Kavanagh, Flora Chan and Ivan Lam gave a presentation on the latest developments in BEPS 2.0 Pillar Two at a seminar on 30 January. Besides discussing the challenges and providing case studies to demonstrate potential impacts, they also introduced the audience to the most recent advancements in digital tools for Pillar Two.
2024/01/30
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ESG and Philanthropy: Maximizing Your Charitable Efforts
Felix Tsang from PwC led a seminar on 15 January about the revised requirements for applying for charity tax-exemption under Section 88 of Inland Revenue Ordinance. He also shared his expert views on the updated Tax Guide, and drew from his extensive experience in handling reviews conducted by the Inland Revenue Department on charitable organizations.
2024/01/15
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China & Hong Kong Retail Outlook: Navigating the Post-Pandemic Landscape
Since the reopening of Hong Kong, the city has attracted nearly 13 million visitors in the first half of the year. Retail sales during this period has gone up 20% to a total of HK$205 billion from last year, marking the gradual recovery of Hong Kong’s retail market. At a seminar on China and Hong Kong's retail outlook, PwC’s Asia Pacific, Mainland China and Hong Kong Consumer Leader, shared with our members the underlying challenges facing the retail sectors, including increased competition from other regional markets, high cost and manpower shortage. He also touched on new retail trends and opportunities that businesses should focus on, including harnessing generative AI to create a frictionless consumer experience and prioritising ESG factors into their daily business operations.
2023/09/19
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New Tax Controversy Issues Arising From Digital Economy: How Should Businesses Cope
Tax authorities are increasingly turning their sights on e-commerce activities as evidence by the historic adoption of BEPS 2.0 last year. At a webinar on 17 March, PwC representatives Philip Hung, Felix Tsang and Flora Chan spoke extensively on the implications of such a global tax reform on Hong Kong’s digital economy and how businesses should cope.
2022/03/17
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IRD’s Latest Views on Hong Kong Tax Residency
Companies looking to obtain Hong Kong tax residency might be required to provide evidence of their commercial substance in the SAR, such as whether the number of employees is proportionate to the level of activity carried out in the city.
At a webinar on 13 July, Kenneth Wong, Tax Partner at PwC, guided members through the process of applying for a Hong Kong tax resident certificate to be able to claim the benefits granted under the SAR’s tax treaties. He also explained how the applications might be impacted by the imposition of travel restrictions and remote work during the COVID-19 pandemic.
He was joined by fellow Senior Tax Manager Horace Wan, who spoke on the Mainland’s latest policy on assessing beneficial ownership statutes and its effect on the vetting of Hong Kong tax resident certificate applications. He also provided case studies on the Inland Revenue Department’s approach to reviewing these applications.
2021/07/13
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