Speaker Profile

Mr Philip Hung, Director, Tax Controversy Services, PwC

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.

Philip’s clients include charitable institutions, fund managers, SME, listed companies and various MNC. He assisted in handling complicated cases such as the IRD’s review on major charitable institutions, 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.

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.

Ms Flora Chan, Senior Manager, Tax Controversy Services, PwC

Flora has over 10 years’ experience providing Hong Kong tax controversy services to multinational corporations, local entities as well as charitable institutions, and providing Australian tax advisory and compliance services to conglomerates, listed companies and large private groups in Australia before joining the team in Hong Kong.

In particular, Flora assisted clients in resolving tax disputes with the Hong Kong tax authorities, handling tax audits conducted by the Hong Kong Inland Revenue Department and has experience in managing Board of Review proceedings for overseas clients. The controversial Hong Kong tax issues that Flora has managed include offshore claims on trading profits, commission income as well as fund management fees, royalty income on intellectual properties exploited outside of Hong Kong, Macao offshore companies, deductibility of intercompany charges and stamp duty. Flora also assisted clients to prevent and manage tax controversial issues such as capital gains, and tax residency status, and advise on group restructuring.