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Earlier this year, the Ministry of Finance and Guangdong Province issued documents separately, clarifying the framework and principles of talent definition and the individual income tax (IIT) preferential treatments in the Greater Bay Area (GBA).

As such, the common concerns are: which IIT preferential policies are available to expats working in the GBA? How can companies and individuals take advantage of these tax preferential policies?

With the ongoing IIT reform, both businesses and individuals are facing new challenges in terms of IIT exposure and cost control. Under the new IIT law, which fringe benefits for expats can still be exempt? How can businesses adjust such exempted benefits in order to comply with the new IIT law?

Business decisions on these issues will directly affect a company's ability to attract and retain expat talent, and thus it is crucial that businesses operating in the GBA understand the changes in tax treatments. We are grateful to have invited two experts from KPMG China with extensive experience in this area, Daniel Hui and Kate Lai, to share their insights on IIT, specifically for companies that employ expats, at a Chamber roundtable luncheon on 1 November.

- Interpretation of GBA talent policies and IIT preferential policies
- Tax-free fringe benefits available to expats under the new IIT law
- Common tax treatment for tax-free fringe benefits under the new law
- Common pitfalls in tax planning and in designing tax-free fringe benefits

Speaker(s) Daniel Hui
Daniel Hui is a partner at KPMG specializing in China tax. He has 18 years of work experience in Mainland China, Hong Kong and Toronto, advising multinational clients on cross-border issues with respect to corporate and individual taxation, import/custom duty and regulations on business investment and other activities in China.

Hui's corporate tax experience covers M&A, corporate restructuring, IPO and pre-acquisition due diligence engagements. He is experienced in advising clients on financing and foreign exchange issues, and repatriation of funds from Mainland China in a tax-efficient manner. He also assists high-income individuals in dealing with their China tax issues and identifying tax-efficient solutions.

Kate Lai
Kate Lai is a Director of KPMG's People Services team, focusing on employment and individual tax advisory services. She started her career in corporate taxation and has worked with clients across various industries, including banking and finance, entertainment, pharmaceutical, retail, real estate, technology and telecommunications.

Lai advises clients on a full range of personal tax and visa issues. Her clients include multi-national corporations with globally mobile employees, senior executives and high-net-worth individuals. She is experienced in individual tax planning, tax-efficient employment structures, equity compensation and cross-border tax issues. She has successfully led projects in income tax planning and dispute resolution with tax authorities.
Language English
Date and Time 2019/11/01 12:30 to 14:00
Venue Chamber Theatre, 22/F United Centre
Media Open to media
Enquiries West Lam
Tel: 2823 1265
Fee Members @ HK$190 / Non-Members @ HK$400
+$50 for booking offline
This event accepts Chamber Coupon (terms and conditions)
Members enjoy 30% discount with BOC HKGCC VISA Card
Notes - Bookings are only confirmed upon receipt of payment, on a first come first served basis.
- Booking transfer is allowed for corporate members with advanced notice, walk-ins are normally not accepted.
- The Chamber reserves the right to decline any booking or cancel the event. In such case, a full refund of the participation fee will be issued.
- No refund will be made for last minute cancellations or no-shows. If the booking is cancelled 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.
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- Priority is given to corporate members. The decision to accept or decline any booking shall be at sole discretion of the Chamber.