Author: Kenny Ho

Hong Kong currently offers research and development (R&D) tax incentives to businesses as a means to promote innovation and technological advancement. In addition this, Hong Kong has recently proposed to introduce a patent box regime, to encourage businesses to conduct more R&D and intellectual property (IP) trading activities in Hong Kong. This regime will provide tax concessions for profits derived from eligible IP assets through R&D activities in Hong Kong. The Inland Revenue (Amendment) (Tax Concessions for Intellectual Property Income) Ordinance 2024 was gazetted on 5 July 2024. While the patent box regime presents opportunities for companies to enhance their R&D set up and IP presence in Hong Kong, it would also be a good time for companies to reassess their structures and strategy for utilising the tax regime and re-evaluating other tax and commercial considerations and options. In this seminar, the speakers will discuss: Give a brief background on the development of the IP and R&D tax regimes in Hong Kong ...

This seminar will focus on the latest Hong Kong court cases that dealt with cryptocurrencies and intangible assets. These new case laws shed light on the nature of cryptocurrencies as well as other intangible assets as are defined by the Courts, and bear tax implications when proper tax treatment in connection with such assets is concerned. In this seminar, the speaker will provide an overview of the latest cases as well as international rules (including rules in the OECD and UK/US authorities) relating to determination of the nature and categorisation of cryptocurrencies and intangible assets, and will discuss the tax implications of these new types of assets in light of these new case laws and rules. Programme Code: 20240911 Date: 11 September 2024 (Wednesday) Time: 7:00 pm - 8:30 pm Speakers: Mr Philip Kwok, Partner, Jun He Law Offices Language: Cantonese Venue: TIHK Office, 21/F, Kam Sang Building, 255-257 Des Voeux Road Central, Hong Kong CPD Hours: 1.5 Seat: 100 Click here to register...

  Just as in the previous year, there have been significant changes to the domestic tax law of Hong Kong over the past year. The further refined foreign-sourced income exemption (FSIE) regime was assessed by the European Union (EU) as not harmful, which culminated in the removal of Hong Kong from the EU’s watchlist. Earlier this year, the Hong Kong SAR Government (the Government) also conducted a public consultation to gather views on the implementation details of the global minimum tax and the domestic minimum top-up tax in Hong Kong. In addition, the Government has introduced several tax incentives with the aim of further enhancing Hong Kong’s tax attractiveness. Several tax incentives or proposals to enhance the existing tax regime are also in the pipeline. Join the upcoming Hong Kong Tax Update seminar to stay informed about these latest developments. The speakers will provide an overview of the aforementioned developments, equipping you with the knowledge you need to navigate the changes. Content outline Refined FSIE...

  The Inland Revenue Department’s (IRD) practice in administering tax exemption for charities is evolving. It is important for existing and prospective charities to understand the requirements to qualify for and maintain their tax exempt status.  However, many tax-exempt charities are not aware that, for example, the exemption does not mean that all their income are automatically exempt from tax, and does not mean all obligations under the Inland Revenue Ordinance are waived. As a result, many charities may overlook certain reporting or withholding obligations. Meanwhile, the IRD is stepping up its efforts in reviewing charities’ tax exempt status. Different types of charities and different types of issues are coming under the spotlight in turn. Charities that no longer meet the public benefit requirement may lose their tax-exempt status. Against the above background, tax-exempt charities should stay alert to the IRD’s latest practices. In this seminar, the speakers will cover: IRD’s latest focus of challenges on charities · Charities’ common tax pitfalls  · Practical...

Introduction: The Institute aims at inviting government officials, experts in economic and finance industries, accounting and tax practitioners, academia and representatives from other professional bodies from Mainland China, Hong Kong, Macao and the other jurisdictions, and member organisations of the Asia Oceania Tax Consultants’ Association (AOTCA) in the Conference to share and exchange views on key tax development affecting the global community.   Programme Code:20240927 Date:27 September 2024 (Friday) Time:8:30 am - 11:00 am Venue: The Grand Ballroom A and Foyer, 2/F, The Langham, Hong Kong, 8 Peking Road, Tsim Sha Tsui, Kowloon, Hong Kong CPD Hours:2.5 Seat:100 Click here to register...

  This seminar will focus on the latest trends in tax controversy and dispute resolution in Hong Kong.  With tax audit and dispute activity on the rise globally, staying ahead of the game is now more important than ever. In this event, KPMG tax specialists will guide you through the challenges Hong Kong taxpayers face. We will shed light on the proactive initiatives the Inland Revenue Department adopted to counter Base Erosion Profit Shifting activities. By taking a more stringent review approach, the IRD has heightened the need for taxpayers to justify their tax filing positions effectively. Through case studies and first hand experiences, speakers will share methodologies and techniques for tackling tax audits. Gain insights into managing tax controversy risks and learn how transfer pricing principles and techniques have become increasingly pivotal in providing robust support for addressing issues raised by the IRD.   Programme Code:20240725 Date:25 July 2024 (Thursday) Time:6:30 pm - 7:30 pm Speakers: Ms Annie Ng, Tax Director, KPMG China Ms Tanya Trantallis, Tax Director, KPMG...