Dec 31, 2017
26 November 2019 (Tue) – IRD’s New Tax Guide on Tax Exempt Charities and Latest Review Practice
The Inland Revenue Department (“IRD”) has recently issued the updated the "Tax Guide for Charitable Institutions and Trusts of a Public Character”. In addition to setting out the IRD’s views on common contentious issues faced by charities, the guide has also been made it clear that charities’ tax exemption status does not preclude the IRD from reviewing the tax position of income generated from specific activities.
In this seminar, we shall highlight the salient points in the IRD’s new charity tax guide, share our experience in helping charities resolve the IRD’s reviews, and provide some tips on common tax problems faced by charities.
Supporting organisation:
CIMA
CPA Canada
Events details:
Speakers: Mr Philip Hung, PwC
Mr Felix Tsang, PwC
Date: 26 November 2019 (Tuesday)
Time: 6:30 pm – 8:00 pm (Registration starts at 6:00 pm)
Venue: PwC Executive Conference Centre, 21/F Edinburgh Tower, The Landmark, 15 Queen’s Road Central, Hong Kong
CPD: 1.5 hours
Language: Cantonese
Fee: $100 for AWAHK Members, CIMA and CPA Canada Members; $150 for Non-Members
Mr Philip Hung, Director, Tax Controversy Services, PwC
Philip 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. His 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 contracting processing and import processing arrangements, offshore claim for Macao Offshore Company, IRD prosecution case and transfer pricing manipulation.
Felix Tsang, Senior Manager, Tax Controversy Services, PwC
Felix has over 15 years of experience in handling tax audits and in tax dispute resolution for multinational corporations, local SMEs as well as charitable institutions. In particular, he assisted in resolving tax audit cases conducted by the IRD on major charitable institutions and its related parties. Other cases he handled involved a diverse range of issues such as cross-border transactions, offshore claims, anti-avoidance and charities’ tax exemption status review. Felix also has extensive experience on tax advisory projects including application for tax exemption for charitable organisations, tax health check, defence file building and post-audit restructuring.
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 members of AWAHK and supporting organisations.