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Companies in Hong Kong will soon feel the effects of a global tax reform to ensure large corporates pay a minimum level of tax regardless of where they operate.

After years of negotiations, 132 nations have recently reached a historic agreement on the OECD's proposals to impose a global minimum tax rate of 15% on multinational enterprises (MNEs) to address tax challenges arising from a digitalised economy.

The proposals, commonly known as BEPS 2.0, are built on two pillars. The first pillar looks at taxing certain MNEs based on where they conduct business but do not have a taxable presence under existing international tax rules, while the second focuses on the imposition of a global minimum tax to address issues relating to base erosion and profit shifting.

While companies in Hong Kong are currently subject to a 16.5% corporate tax rate, the territorial system as well as existing tax breaks and incentives could result in an effective tax rate lower than 15%.The SAR is also likely to be put under pressure to amend its tax regimes to align with the new international tax rules, which are expected to come into effect in 2023.

Join us on 1 September, when KPMG representative Ivor Morris will analyse the latest developments with the OECD's BEPS 2.0 proposals. He will also share his views on how Hong Kong should react to such a seminal change in global tax reform and what it means for business.

Please refer to the following on the virtual seminar:
- Upon successful registration of the event, a unique webinar link will be sent to your registered email (attendee email) 2 days before the event. Please refer to the troubleshooting guide here should you experience any issues in locating the webinar link.
- Instructions on downloading Zoom and joining a webinar can be found here. We suggest that you familiarize yourself with the software in advance of the webinar.
- Please log in 15 minutes (at 3:45pm) before the event begins, through the link that will be sent to your registered email.

DISCLAIMER
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)

 Ivor Morris, Partner, KPMG Hong Kong

Ivor Morris joined KPMG's Hong Kong office in 2009 and became a tax partner in 2017. Ivor has extensive experience of advising international clients in Hong Kong on their corporate tax matters. He works with many multinational groups and investment funds on cross-border related matters. Ivor 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 2021/09/01 16:00 to 17:30
Venue Online via Zoom / In person at Chamber Theatre
Media Closed to media
Enquiries Karen Au
Tel: 28231200
Email: karen@chamber.org.hk
Fee
  • HK$ 100 for Members / HK$ 200 for Non-Members (Online via Zoom)
  • HK$ 100 for Members / HK$ 200 for Non-Members (In person at Chamber Theatre)
+$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.
- The registration fee is non-refundable for this event.
- 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.
- 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.

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