What's On

Hong Kong-based property companies have long enjoyed the SAR's simple and low-tax regime to enhance investors' returns. However, this could change drastically under the OECD Pillar 2 GloBE regime through the imposition of a global minimum tax designed to ensure that large multinational businesses pay a minimum effective rate of tax of 15% on profits in all countries.

As and when the GloBE rules are implemented, these could create unexpected tax issues for and burdens on the real estate sector, including those holding investment properties, as the income base on which the minimum tax is calculated will be based on a company's accounting profits – which might include capital gains that were not subjected to Hong Kong profits tax.

Join us on 11 August, Deloitte China's Vice Chair Patrick Yip and Tax Director Doris Chik, will explain the tax implications of the GloBE rules on Hong Kong's real estate sector. They will also be offering their thoughts on measures to manage the associated tax risks.

For participants attending online, please refer to the following:

- Upon successful registration of the event, a unique webinar link will be sent to your registered email (attendee email) 2 working 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 9:45 am) before the event begins, through the link that will be sent to your registered email.

For participants attending in-person, please refer to the following:

- In-person attendance is open to Members only.
- Seats are limited and available on a first come first served basis.
- Pre-registration for in-person attendance is required and the Chamber reserves the right to decline such an application.
- Attendees are required to scan the "Leave Home Safe" QR code on arrival at the Chamber and should wear a mask at all times. They are also subject to temperature checks.
- Attendees, who feel unwell are advised against in-person attendance at the Chamber. If attendees are required to undergo compulsory testing, please kindly bring along a negative PRC or RAT test result when attending physically.
- Food and beverages will not be provided.

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.


Patrick Yip
Vice Chair, Deloitte China

Patrick Yip, an experienced international tax partner, is the Vice Chair of Deloitte China. He specializes in US international taxation, China-Hong Kong cross-border taxation and structuring M&A transactions. His clients include global and Chinese private equity funds and sovereign funds, and multinational companies in China and the US. He also advises high-net-worth individuals on multi-jurisdictional trust and estate planning. In addition, he is a specialist in FATCA and CRS.
Patrick worked for a Big 4 accounting firm's International Tax Group in San Francisco and Deloitte's National Tax Office (International) in Washington DC.  He regularly speaks at seminars and conferences and is widely published and frequently interviewed by the media. He was involved in tax policy discussions with both the Hong Kong and Chinese tax authorities. He is fluent in English and Chinese (Cantonese and Mandarin).

He graduated from the University of Texas at Austin with an MPA Degree in Taxation and a BBA Degree in Accounting with High Honors.  He has an LL.M (Master of Laws) degree from Columbia University (James Kent Scholar), an LL.M degree from the University of California at Berkeley (Dean's List) and an undergraduate law degree (Hons) from the University of Cambridge. He also has an MBA degree (Hons) from the University of Chicago. He has completed the Senior Executive Program for China at Harvard Business School.

Doris Chik
Tax Director, Deloitte China

Doris Chik is a Director of National Tax Technical Centre of Deloitte China in Hong Kong. She provides internal tax technical support and focuses on tax technical analysis, research, tax policy consultation, article writing and internal training. She is a frequent speaker in tax seminars, as well as a writer of various tax technical articles and publications. 

Doris has over 20 years of professional experience in tax services. She has broad professional experience gained from working in different aspects, including Business Tax Services and International and M&A Tax Services, technical and training. She specializes in Hong Kong and international tax planning. She has experience in serving many multinational clients.

Doris holds an MBA from the University of Hong Kong and a BBA in Professional Accountancy from the Chinese University of Hong Kong. She is a Chartered Tax Advisor and a fellow member of The Taxation Institute of Hong Kong (TIHK), a Certified Public Accountant of The Hong Kong Institute of Certified Public Accountants (HKICPA), a fellow member of the Association of Certified Chartered Accountants (ACCA), and a member of the Association of Women Accountants. 

Language English
Date and Time 2022/08/11 10:00 to 11:30
Venue Hybrid (in person at Chamber Theatre, 22/F United Centre or Online via Zoom)
Media Closed to media
Enquiries Gillian Tam
Tel: 28231246
  • HK$ 120 for Members (Attend in Person (HKGCC members only))
  • HK$ 100 for Members / HK$ 200 for Non-Members (Online via Zoom)
This event accepts Chamber Coupon (terms and conditions)
+$50 for booking offline
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.
- 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 can be used in conjunction with Chamber Coupons, although please kindly note that only one Chamber coupon can be used per event.
- 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.
- The registration fee is non-refundable for this event.

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