Author: Kenny Ho

Welcome to this year's HKIB Annual Banking Conference, themed "The Next Wave: Unlocking Potential, Fostering Success". As we navigate through an era marked by rapid transformations and emerging challenges, our conference is dedicated to exploring the multifaceted waves of change sweeping through the banking sector. This year, we delve deep into the next wave of transformations that promise to redefine market dynamics, the next wave of innovations that will reshape our approach to technology and customer engagement, and the next wave of growth that will open new avenues for expansion and profitability. Conference Information: Date: 27 September 2024 (Fri) Time: 9:00am - 5:00pm Venue: N101, Hong Kong Convention and Exhibition Centre For details, please click: https://bankingconference.hkib.org/hkib2024/ For enquiries, please contact HKIB at 2153 7800 / meme@hkib.org...

Part 1: Latest Developments in AML/CTF in Hong Kong & Worldwide (in English) This session looks at the latest developments in the anti-money laundering and counter-terrorist financing (AML/CTF) legislation in Hong Kong as well as key trends in global AML/CTF landscape and money laundering/ terrorism financing typologies in the non-financial sectors. Part 2: Effective AML/CTF Risk Management: Lessons from Real-Life Cases (in Cantonese) This session provides a comprehensive overview and highlights on several real-life case studies that illustrate the AML/CTF risks and challenges associated with sanctions, trade-based money laundering, and customer due diligence. We will also share the common risk indicators and best practices to comply with AML/CTF regulatory requirements and avoid potential breaches. Part 3: Effective Internal Audits and Streamlining AML/CTF Compliance through Technology (in Cantonese) We will delve into the realm of effective internal audits to meet the latest Companies Registry (CR) requirements within the AML/CTF guidelines, and showcase how RegTech solutions can empower professional firms to enhance AML/CTF compliance efficiently in daily operations. Programme Code:20240716 Date:16 July 2024...

The Inland Revenue (Amendment) (Tax Concessions for Family-owned Investment Holding Vehicles) Ordinance 2023 (the Ordinance) was gazetted and came into operation on 19 May 2023. The Ordinance provides profits tax concessions for eligible Family-owned Investment Holding Vehicles (FIHVs) managed by eligible Single Family Offices (SFOs) in Hong Kong; and Family-owned Special Purpose Entities (FSPEs). Only the assessable profits of FIHVs and FSPEs arising from qualifying transactions and incidental transactions are eligible for profits tax concessions, which apply in respect of a year of assessment commencing on or after 1 April 2022. The Inland Revenue Department (IRD) has provided some useful guidance in its website for taxpayers seeking to enjoy the tax concession. The IRD has also published Advance Ruling Case No. 73, the first ruling in respect of the new family office tax regime, for taxpayers’ reference. In this seminar, the speakers will cover the following: Give a brief background on the development of family offices in Hong Kong Discuss the IRD...

*TIHK members only (Free of charge) The Inland Revenue Department (IRD) launched enhanced e-filing services for profits tax returns on 1 April 2023.  These services aim at promoting tax digitalization and enhancing the efficiency of the profits tax returns filing. The enhanced e-filing services include e-submission of supporting documents in iXBRL format.  The IRD provides free conversion tools, namely, IRD iXBRL Data Preparation Tools (the Tools) for corporations and businesses to convert financial statements and tax computations into iXBRL data files. To provide additional support to the practitioners, IRD co-organizes a course with The Society of Chinese Accountants & Auditors (SCAA), Association of Women Accountants (AWAHK) and The Taxation of Institute of Hong Kong (TIHK) to give hands-on training on the operation of the Tools.  The speakers will also walk you through the basic features of the IRD Taxonomy Package, overview and functions of the Tools, and demonstrate the process flow from preparation to generation of the iXBRL finalised package.   Programme Code: 20240619 Date:...

The event, themed“勝會香港 • 活力CPA”, aims at providing an occasion for professional accountants to interact through engaging in different sports activities and to share the benefits of exercise.  Last year, over 1,000 CPAs and their friends and families took part in competition and fun games for an unforgettable magical day. Event Information: Date: 4 May 2024 (Saturday) Time: 9:00 am - 2:00 pm Venue: Hammer Hill Road Sports Ground 158 Hammer Hill Road, Diamond Hill, Kowloon For details, please visit at https://www.scaacpa.org.hk/web/subpage.php?mid=119&id=3259 For enquiries, please contact SCAA secretariat at info@scaacpa.org.hk...

e20231201 2023 TIHK Chartered Tax Adviser E-Conference   Programme Code:e20231201 Date:18 March 2024 (Monday) Language:English and Mandarin Venue: Online Platform Fee: $1,000 (Members only) CPD Hours:7 Seat:300 Event Categories:CTA Conference, Eseminar, Eseminar, Webinar Remark: The e-Conference is available to watch until 7 April 2024 Click here to register! https://www.tihk.org.hk/event/20231201-2/...

Tax rules are sometimes complex, especially in cross-border situations. Even with the best advice, companies need to make good faith judgements about how the rules apply to their business operations. Tax authorities might have a different judgement about how rules applies and challenge the tax position taken by a company. The uncertainties that result for companies often involve significant amounts and could cover multiple financial years. A tool like tax insurance could help companies to manage tax risks that may arise to obtain great certainty. Co-hosted by CA ANZ HK and AON HK, this joint CPD seminar will cover the evolving tax rules globally, participants will be able to learn how companies can manage their tax risks that may arise and adopt a variety of tools to secure their tax risks. Event Details: Date: 14 March 2024 (Thursday) Fee: TIHK members are entitled to enrol this seminar at CA ANZ member rate (HKD100 and 1 CPD hour will be given upon attending the seminar.) Venue: Aon...