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20200928 Latest development of transfer pricing related tax controversy issues in Hong Kong

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Programme Code:
20200928
Date:
28 九月 2020 (Monday)
Time:
6:30 pm - 8:00 pm
Speakers:

Ms Wengee Poon, Partner, Transfer Pricing Services, PwC Hong Kong

Ms Karen Au, Partner, Tax Controversy Services, PwC Hong Kong

Mr Brian Wong, Manager, Transfer Pricing Services, PwC Hong Kong

Ms Joyce Chak, Manager, Tax Controversy Services, PwC Hong Kong

Language:
Cantonese
Venue:
Live webinar
Proficiency Level:
Intermediate Level
Fee:
$150 – $200
CPD Hours:
1.5
Seat:
80
Event Categories:
,
Application Form:
20200928 flyer

Description

The Inland Revenue (Amendment) (No. 6) Ordinance 2018 (the BEPS and TP Ordinance) was gazetted to codify TP rules in Hong Kong.  With the formal introduction of the TP regulatory regime into Hong Kong tax legislation, the Inland Revenue Department (“IRD”) is following the global trend and taking a more aggressive approach on reviewing TP issues in cross-border intercompany transactions.  TP-related tax disputes became one of the major tax controversy areas and the difficulties in resolving TP-related disputes with the IRD has been heighten.  On the positive side, using TP methodology to resolve prolonged and comprehensive tax disputes cases become more receptive and acceptable by the IRD.

In view of this, we will share with you the below insights:

•         Recap of the introduction of the TP legislation in Hong Kong

•         Latest development of TP-related tax controversy issues

•         How to resolve TP-related tax disputes

•         How to use TP methodology to resolve tax audits

•         Precaution measures to prevent potential TP-related tax disputes

•         Real life case studies

Speaker Profile

With extensive experience in transfer pricing, Wengee has resolved transfer pricing matters for numerous multinational corporations. Her experience includes assisting clients in determining their transfer pricing structures, formulating transfer pricing policies, preparing transfer pricing documentation and performing post-implementation structure maintenance services.

Wengee has served a broad spectrum of multinational corporations in various industries including garments, chemicals, telecommunications, electronics, pharmaceuticals in the manufacturing, distribution and servicing aspects.

Wengee is also a speaker at public seminars and has contributed to professional publications.

Ms Karen Au has over 15 years professional experience in the taxation field and extensive experience in assisting clients to resolve tax disputes with the IRD and focusing on tax audit and investigation, with clients from multi-national and local companies, particularly those in the industries of apparel and electronic manufacturing, pharmaceutical, general trading, sourcing, financial services and asset management.  She also assists corporates and individuals in dealing with pro-longed tax disputes and conducting various tax review such as group restructuring, inter-company fee arrangement and post implementation health check using tax audit methodology.

Joined PwC in 2013, Brian has extensive experience in providing professional advices to multinational enterprises on transfer pricing matters from both China and Hong Kong perspectives, and in coordinating global and regional projects involving different tax jurisdictions.

His experience includes assisting clients in revisiting their transfer pricing structures, formulating transfer pricing models, preparing transfer pricing documentation, handling transfer pricing-related investigations by tax authorities, performing risk assessments and providing implementation advices.

Brian has served multinational enterprises in various industries including beverage, consumer products, industrial supplies, electronics, apparel, automobiles and telecommunications.

Prior to joining PwC Hong Kong, Joyce had been working in the Hong Kong Inland Revenue Department (“HK IRD”) for more than 6 years under the Profits Tax Unit and the Field Audit and Investigation Unit.

Joyce has been providing HK tax controversy and business consulting services, including handling tax audit and investigation cases and prolonged profits tax disputes with the HK IRD for listed companies, multinational enterprises and local clients. Joyce has successfully assisted clients in resolving various tax issues, including offshore claim and settling tax disputes with the IRD.

Joyce has also assisted companies and individuals to conduct post-tax audit / disputes tax planning and health checks including group and business restructuring. The client industries mainly include retail, real estate, technology, transport and manufacturing.