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Hong Kong adopts the territorial principle of taxation, which means that only profits sourced within Hong Kong and subject to taxation. However, recent tax changes, including the codification of the Base Erosion and Profit Shifting (BEPS) and enactment of Transfer Pricing (TP) law in Hong Kong, have led to increased scrutiny by the Inland Revenue Department (IRD) on offshore income claims. It is crucial for taxpayers to remain vigilant regarding the potential impact of these developments on their offshore claims.

This seminar aims to provide valuable insights by addressing the followings:

-   the latest approaches adopted by the IRD in assessing offshore income;
-   how to handle the IRD's enquiries on offshore claims tactfully and precaution measures to avoid potential tax disputes;
-   case sharing.

Join us as the speakers share their expertise and offer practical guidance on navigating the evolving landscape of offshore claims in Hong Kong's tightening tax environment.

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)

Philip Hung, Director, Tax Controversy Services, PwC Hong Kong

Philip Hung has over 30 years' experience in Hong Kong taxation with six years in IRD. He is a well-known expert in the tax field and investigation specialty. After he left the IRD, Philip concentrated in assisting clients in handling tax investigation and field audit cases. He is the first to set up a specialized team to handle the IRD's tax investigation and field audit cases for clients in the industry.  Philip's clients include charitable institutions, fund managers, SME, listed companies and various MNC. He assisted in handling complicated cases such as the IRD's review on major charitable institutions, worldwide onshore/offshore claim, disputes on contract processing and import processing arrangements, offshore claim for Macao Offshore Company, IRD prosecution case and transfer pricing adjustments.

Felix Tsang, Associate Director, Tax Controversy Services, PwC Hong Kong

Felix Tsang has over 15 years of experience in resolving tax audits, tax investigation and other tax disputes for multinational corporations and local SMEs in different industries including manufacturing, services, fund management and charitable institutions, involving a diverse range of issues such as offshore claims, cross-border transactions, contract / import processing arrangements, anti-avoidance, transfer pricing, tax exemption for charities and Board of Review proceedings. With insights in tax dispute resolution, Felix also has ample experience in providing practical tax and business advice from a dispute prevention angle, including tax health check, defence file building, post-audit restructuring, tax due diligence, fee structure for fund management, and charity set up. 

Language English
Date and Time 2024/06/26 10:30 to 12:00
Venue Chamber Theatre, 22/F United Centre
Media Closed to media
Enquiries Karen Au
Tel: 28231200
Email: [email protected]
Fee Event Cancelled
Members @ HK$120 / Non-Members @ HK$240
+$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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