Back

What's On

China's 14th Five-Year Plan emphasises the need to create new advantages in the digital economy: upgrading traditional industries, spawning new sectors and ways of operating, and strengthening economic development.

At the same time, the tax environment is changing – in Mainland China and globally – and companies will need to understand and be prepared for the new tax landscape.

Mainland China and Hong Kong are both members of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS), which is working towards global agreement on reform of the international taxation system relating to the digitalization of the economy.

On 8 October, the "Statement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy" was published by the Inclusive Framework on BEPS. According to this statement, under Pillar 1, the profits of certain multinational enterprises will be re-allocated to market jurisdictions, and under Pillar 2, the minimum tax rates for the GloBE rules and the Subject to Tax Rule are 15% and 9% respectively.

At this seminar, speakers will explore the issues including:
- Highlights of the digital economy in the 14th Five-Year Plan
- Latest developments in the two-pillar framework
- Approaches that companies carrying on business in Mainland China and Hong Kong can take to handle the changes to the tax environment
- Response of the Hong Kong Government

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)

Cecilia Lee, Transfer Pricing Partner, PwC Hong Kong

Lee has been at PwC for over 20 years, including more than 10 years in the United States. She is head of PwC‘s transfer pricing practice in Hong Kong and is also the Asia Pacific Champion Partner for PwC’s Global Coordinated Documentation service. Lee advises clients on Hong Kong and Mainland China transfer pricing issues including value chain transformation, cost sharing, restructuring and intangible property.

Tiffany Wu, Transfer Pricing Partner, PwC Hong Kong

Wu is a partner at PwC Hong Kong specialising in providing transfer pricing services in Hong Kong and Mainland China. She assists clients in transfer pricing planning, reviewing and evaluating transfer pricing risks, preparing transfer pricing documentation, and providing transfer pricing audit defense support.

Language Putonghua
Date and Time 2022/02/18 11:00 to 12:15
Venue On-site (22/F United Centre) / Online via ZOOM
Media Closed to media
Enquiries West Lam
Tel: 2823 1265
Email: west@chamber.org.hk
Fee
  • HK$ 100 for Members / HK$ 200 for Non-Members (Online via ZOOM)
+$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.
- Switching from on-site to online participation is accepted, but no refund of any difference in registration fee will be made.

Over the years, we have helped businesses overcome adversity and thrive locally, in Mainland China and internationally.

If you want to take advantage of our network,insights and services, contact us today.

VIEW MORE