26 March 2019 Hong Kong Tax Update

Mar 26, 2019

As the on-going Base Erosion and Profit Shifting (BEPS) journey continues, Hong Kong is fulfilling its pledge to implement the minimum standards of the BEPS Action Plan by enacting the significant BEPS and transfer pricing legislation.  Meanwhile, in order to enhance Hong Kong’s competitiveness, the Hong Kong Government has been more proactive in introducing various tax incentive schemes such as the enhanced research and development (“R&D”) tax deduction regime, and profits tax exemption for funds.

With all the legislative changes, there are additional compliance obligations to be observed by taxpayers.  Besides, the Inland Revenue Department has made changes to the profits tax return forms in order to cope with the legislative changes.

PwC tax specialists, Gwenda Ho and Chi Wing Lam, have pleasure in sharing the latest developments in the Hong Kong tax world, including the following topics:

• Impact of latest international tax developments on Hong Kong businesses
• Practical issues arising from new BEPS and transfer pricing legislation
• Transfer pricing documentation requirements (including country-by-country reporting notification)
• Recap of other tax bills passed / issued in 2018, including the enhanced R&D tax deduction, profits tax exemption for funds, intellectual property rights deduction, two-tiered profits tax rates, and fair value basis for financial instruments
• Changes to 2018/19 profits tax returns

Event details:

Gwenda Ho is Vice President of AWAHK.  She is also a Partner of PwC Hong Kong’s Corporate Tax practice, leading the technology, media and telecommunications sectors, with over 20 years' experience in providing Hong Kong and international tax consulting services to local, regional and multinational clients.

Chi Wing Lam is a Senior Manager of PwC Hong Kong’s Transfer Pricing practice.  She specialises in transfer pricing and has over 12 years of experience in advising multinationals on cross border pricing matters from China and Hong Kong perspectives. 

Please [e-register] immediately and send in your cheques payable to “AWAHK” (with the names of participant marked at the back of the cheque) to our office at 8/F, Chinachem Tower, 34-37 Connaught Road Central, Hong Kong.

Enrolment is made on a first come first served basis with priority to AWAHK members.

For further information, please contact AWAHK at (852) 6229 9628 / (86) 178 1749 9143.  You can also email to info@awahk.hk.