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20230912 Hong Kong Tax Update 2023

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Programme Code:
20230912
Date:
12 September 2023 (Tuesday)
Time:
6:30 pm - 8:30 pm
Speakers:

Ms Gwenda Ho, Partner, National Tax Policy Services, PwC

Ms Kathy Kun, Director, National Tax Policy Services, PwC

Language:
Cantonese
Venue:
Rm 201, 2/F, 15 Hennessy Road, Duke of Windsor Social Service Building, Wanchai, HK
Proficiency Level:
Intermediate Level
Fee:
$250 – $350
CPD Hours:
2
Seat:
90
Event Categories:
,
Application Form:
20230912_Enrollment Form

Description

There have been lots of changes to the domestic tax law of Hong Kong over the past year, including most notably the refinements made to Hong Kong’s long-established foreign-sourced income exemption (FSIE) regime. However, it is expected that the FSIE regime will be further refined around the taxation of disposal gains later this year to align with the latest requirements of the European Union.

Apart from legislative changes triggered by the evolving international tax rules, the Hong Kong SAR Government has in recent years introduced various tax incentives to enhance the tax attractiveness of Hong Kong. Earlier this year, a tax concession regime for family-owned investment holding vehicles managed by single family offices was introduced in a bid to develop Hong Kong as a leading hub for family offices.

The Government has also proposed several tax initiatives that aim to further consolidate Hong Kong’s position as a regional business and investment centre. These proposed initiatives include the introduction of an enhancement scheme to provide upfront certainty of non-taxation of onshore equity disposal gains that satisfy the specified criteria and the establishment of a mechanism to allow foreign companies to re-domicile to Hong Kong.

The speakers will provide an overview of the above developments. They will also examine some of the most common issues faced by companies under the current tax environment through practical case sharing.

Content outline

  • Recap of the refined FSIE regime
  • Highlights of the latest consultation papers on onshore equity disposal gains, further refinements to the FSIE regime and re-domiciliation regime
  • Recap of the family office tax concession regime in Hong Kong
  • Updates on the Inland Revenue Department’s adjusted approach in issuing Certificate of Resident Status
  • Practical case sharing

Speaker Profile

Ms Gwenda Ho, Partner, National Tax Policy Services, PwC

Gwenda Ho is a Partner of PwC Hong Kong’s corporate tax practice, leading the National Tax Policy Services in Hong Kong as well as the technology, media and telecommunications sectors. She has over 25 years of experience in providing Hong Kong and international tax consulting and compliance services to local, regional and multinational clients. She has been actively involved in a number of tax due diligence, corporate restructuring, cross-border tax advisory, transfer pricing, tax investigations, IPO and blockchain / crypto-related projects. She is a Past President of Association of Women Accountants (Hong Kong), and currently serves as a member of the Taxation Faculty Executive Committee of HKICPA.

Ms Kathy Kun, Director, National Tax Policy Services, PwC

Kathy Kun is a Director of PwC National Tax Policy Services in Hong Kong. She has over 15 years of experience in Hong Kong and international taxation. She is responsible for authoring the firm’s tax publications and preparing written submissions to the HKSAR Government or the Legislative Council expressing the firm’s views or recommendations on Hong Kong’s tax legislative proposals or policies. She also provides technical support to client service teams. She is a frequent speaker at tax seminars and workshops. Kathy is a member of the Tax Policy Committee of the TIHK and also serves as the Vice Chairman of the technical committee of the Asia-Oceania Tax Consultants’ Association.

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