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20210109_30_1 Workshop 1: A step-by-step approach to Tax Audit handling

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Programme Code:
20210109_30
Date:
09 January 2021 (Saturday)
Time:
9:30 am - 12:30 pm
Speakers:

Mr Felix Tsang, Senior Manager, Tax Controversy Services, PwC

Mr Philip Hung, Director, Tax Controversy Services, PwC Hong Kong

Language:
Cantonese
Venue:
Live webinar
Proficiency Level:
Intermediate Level
Fee:
$1800 – $2200
CPD Hours:
3
Seat:
80
Event Categories:
, ,
Application Form:
20210109_30_v5

Description

Date: 09, 16, 23 & 30 January 2021, Saturday

– Updated with IRD’s latest Tax Audit approach under new leadership

– Micro-movies illustrating case studies and IRD interview simulation

– Special tips on how to speed up case settlement in COVID-19 situation including ways to resolve offshore cases

With the Government’s budget deficit and the Inland Revenue Department’s (“IRD”) new leadership, it is expected that the IRD will step up its scrutiny on taxpayers and strengthen its measures in conducting tax audits.  In particular, the officers’ views on offshore claims and cross-border related party transactions are tightening. The evolving environment has also impacted on the attitudes and tactics adopted by the officers when handling tax audits, particularly at the initial interviews and their willingness to settle.  As such, new strategies are required when handling tax audits nowadays. Special care has to be taken to avoid making unnecessary mistakes, which will be costly to both taxpayers and practitioners. In this course, our following speakers will use case studies and a practical step-by-step approach to demonstrate different strategies and ways to handle tax audits and will take the participants through the journey from cradle to the final resolution. 

 

Speaker Profile

Mr Felix Tsang, Senior Manager, Tax Controversy Services, PwC

Felix has over 15 years of experience in resolving tax audits, tax investigation and other tax disputes for multinational corporations and local SMEs in different industries including manufacturing, services, fund management and charitable institutions, involving a diverse range of issues such as offshore claims, cross-border transactions, contract / import processing arrangements, anti-avoidance, transfer pricing, tax exemption for charities and Board of Review proceedings. With insights in tax dispute resolution, Felix also has ample experience in providing practical tax and business advice from a dispute prevention angle, including tax health check, defence file building, post-audit restructuring, tax due diligence, fee structure for fund management, and charity set up.

Mr Philip Hung, Director, Tax Controversy Services, PwC Hong Kong

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 fund managers, SME, listed companies and various MNC. He assisted in handling complicated cases such as worldwide onshore/offshore claim, disputes on contracting processing and import processing arrangements, offshore claim for Macao Offshore Company, IRD prosecution case and transfer pricing adjustments.