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The Hong Kong Government unveiled a new round of stimulus package of HK$137.5 billion on 8 April 2020 to support businesses and individuals as the Covid-19 outbreak continues to severely damage the global economy. The stimulus package addresses a broad range of issues across various sectors. These measures will go towards helping businesses stay afloat, alleviate some of the financial burdens suffered by individuals and businesses, and ultimately assist the Hong Kong economy in recovering after the pandemic passes.

This latest round of stimulus builds on the HK$120 billion relief package announced in the 2020-21 Hong Kong Budget and also the HK$30 billion Anti-epidemic Fund approved by the Legislative Council in February. The total relief provided by the Government to date has reached HK$290 billion.

To ensure members are aware of the support measures available, HKGCC is delighted to have KPMG partners Ivor Morris and Murray Sarelius to share their insights on these measures, as well as provide practical advice for tax management and employment matters during the present turbulent times. Topics to be covered include:

- A review of the latest relief measures
- What is the impact of the relief measures
- Relief to hard-hit sectors
- How tax can help you mitigate future challenges
- Interpretation of the Employment Support Scheme
- HR considerations for non-redundancy undertakings such as eligibility, whether to seek government support, financial impact, and operational matters

Speakers' presentations at this event are intended for educational purposes only and do not replace independent professional judgment. Statements of fact and opinions expressed during this event are those of the speakers and participants and, unless expressly stated to the contrary, are not the opinion or position of the Hong Kong General Chamber of Commerce, its members, or its committees. The Chamber does not endorse or approve, and assumes no responsibility for, the content, accuracy or completeness of the information presented. Attendees should note that, with the approval of speakers, this event may be recorded, and possibly published on the Chamber's website in audio and/or video formats without further notice.

Recording, duplication or distribution of the contents of the online event is prohibited without prior written permission from the Chamber.

Speaker(s) Murray Sarelius, Partner, National Head of People Services at KPMG China
Murray Sarelius is a Tax Partner and leads KPMG's Hong Kong and China People Services teams. He has over 20 years' experience with the international aspects of personal and corporate tax planning. He works extensively with businesses that are operating or investing internationally.

For international businesses, his focus is on helping them to manage the expatriate and employer tax issues associated with an internationally mobile workforce, including international executive remuneration, employee share schemes and international tax planning for employment and investment.

For individuals, including founders and owners of international businesses, the focus is more personal. Sarelius works with start-up and high growth businesses, high-net-worth individuals, family offices and family businesses on matters such as tax and estate planning, succession planning and the management of tax risks across an international portfolio of businesses, and the implications of family members relocating to different tax jurisdictions.

Ivor Morris, Partner, Tax at KPMG China
Ivor Morris joined KPMG's Hong Kong office in 2009 and became a tax partner in 2017.

He has extensive experience of advising international clients in Hong Kong on corporate tax matters. He works with a number of shipping and leasing companies advising on Hong Kong tax matters, as well as many multinational groups on cross-border related matters.

Morris received his Master degree in Arts from the University of Cambridge. He is a fellow member of the Institute of Chartered Accountants in England and Wales and serves on a number of industry and charity bodies.
Language English
Date and Time 2020/05/27 11:00 to 12:15
Venue This event will take place online
Media Closed to media
Enquiries Wendy Chan
Tel: 28231207
Fee Members @ HK$100 / Non-Members @ HK$200
+$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.
- Details about how to join the webinar will be sent by e-mail.
- The registration fee is non-refundable for this event.
- 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.
- A $50 handling fee per person will be charged for all offline bookings (e.g. fax, e-mail, post) for all Chamber events. Go online today by downloading our app or registering on the HKGCC website to save the environment and money.
- Priority is given to corporate members. The decision to accept or decline any booking shall be at sole discretion of the Chamber.