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20221213 Case study workshop – 2022 hot topics on China and Hong Kong cross-border personal tax
Description
The pandemic has changed how we work and travel. More and more frequent travellers become stationers in mainland China / Hong Kong for business needs, which necessitates proper tax planning to utilise preferential policies on remuneration package and tax rebate, and structuring of travel to ensure the degree of potential double taxation is minimized. The Hong Kong Inland Revenue Department (“IRD”) has expressed its view on various areas of interest affecting cross-border taxpayers in its annual meeting with the Hong Kong Institute of Certified Public Accountants (“HKICPA”) and various Hong Kong court cases were handed down on double tax relief, termination payment to share awards. Domestically, China State Taxation Administration (“STA”) also tightens tax administration on equity plan.
The Institute has invited Louis Lam, China South Leader at Vialto Partners, and his colleagues to use different case studies to share their insights and recommendation on how enterprises and individuals could better manage the above challenges.
Topics to be covered included:
• How’s adoption of OECD guidelines on pandemic by STA and IRD and related impacts to cross-border talent deployment issues.
• Planning on travel, remuneration structure and talent rebate to minimize double taxation.
• Implications of Hong Kong court decisions on double tax relief, termination payment to share awards.
• Expansion of China tax registration requirement on equity plan and tightening of tax registration requirement for preferential tax treatment on equity plan.