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The pandemic has changed how we work and travel. The "new normal" of having the flexibility to work from anywhere and coping with varying travel and quarantine restrictions creates challenges but also opportunities for global mobility, HR and tax teams alike.

More and more frequent travellers are being posted in the Mainland China for business, which necessitates proper tax planning to utilise preferential policies on remuneration packages and tax rebate. Structuring travel to minimize taxation is also crucial.

These are important issues, because the Hong Kong Inland Revenue Department expressed its view recently on various areas of interest affecting cross-border taxpayers, while the Hong Kong Court of Appeal ("COA") handed down a decision affecting how double tax relief should be calculated.

Domestically, China State Taxation Administration ("STA") has tightened tax administration on equity plan, which affects overseas and Chinese companies implementing equity-based compensation in China.

The Chamber has invited Louis Lam, Partner and China South Leader and Iris Lai, Associate Director at Vialto Partners to share their expertise and recommendations on how companies and individuals could better manage the above challenges and plan ahead.

Topics to be covered include:
- The adoption of OECD guidelines on the pandemic by China STA and Hong Kong IRD and how it impacts the travel planning for cross-border talent deployment.

- Case studies on travel planning, remuneration planning and talent rebate planning to minimize the degree of double taxation.

- The IRD's views shared at a 2021 annual meeting with HKICPA on (1) certification of residence for individuals; (2) issues arising from the pandemic; and (3) Greater Bay Area tax subsidy, and COA decision on double tax relief formula.

- Experience sharing on new China tax compliance requirements on equity planning and tightening of tax registration requirements for preferential tax treatment.

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)

Louis Lam, Partner and China South Leader, Vialto Partners Hong Kong Limited

Lam is the company’s China South leader with over 25 years of experience specialising in Hong Kong / China cross border individual tax consulting and compliance.  He advises clients in drafting company policy and employment terms covering housing benefits, remuneration package structuring, tax equalisation, termination package and talent mobility policy; negotiate and manage tax audit and penalty; cross border social security planning, etc.

Lam has extensive experience advising overseas, China and Hong Kong clients in private equity and asset management industries, and leading global financial institutions.

He also advises multinational companies on deployment structures and models for talent mobility in China, Hong Kong and overseas for inbound and outbound travellers and assignees, taking into account the local tax incentives, tax and social security treaties protection, etc.

Iris Lai, Associate Director, Vialto Partners Hong Kong Limited

Lai is an Associate Director at Vialto Partners (formerly PwC Global Mobility Tax and Immigration practice) with over 12 years of experience in providing professional services to both employers and employees focusing on Hong Kong / China cross border assignments. She has experience on various types of expatriates’ tax compliance and consulting projects, and other mobility related issues. She also advises and develops practical solutions for clients relating to employment and remuneration structures (e.g. equity-based incentive plans, tax equalization policies, housing schemes, employees’ compensation and benefit issues and etc).

In addition, Lai assists various international and regional financial institutions in managing tax audits, tax and foreign exchange registrations in China for stock incentive plans. She has experience advising clients from diverse industries on expatriates’ tax and mobility issues, including financial services, information technology, construction and accommodation sectors.

Language Cantonese
Date and Time 2022/10/27 11:00 to 12:30
Venue Hybrid (Online+On-site (22/F, United Centre))
Media Closed to media
Enquiries Wendy Chan
Tel: 2823 1207
Email: wendy@chamber.org.hk
Fee
  • HK$ 100 for Members / HK$ 200 for Non-Members (Online via Zoom)
  • HK$ 120 for Members / HK$ 240 for Non-Members (On-site participation)
+$50 for booking offline
This event accepts Chamber Coupon (terms and conditions)
Members enjoy 30% discount with BOC HKGCC VISA Card
Notes - 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.
- 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.
- 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.
- Details such as the webinar link will be sent to attendee by ZOOM email 3 days before the event.
- The registration fee is non-refundable for this event.
- Switching from on-site to online participation is accepted, but no refund of any difference in registration fee will be made.

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