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20230809 Potential Pitfalls in Completing Tax Returns and Recent Prosecution Cases

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Programme Code:
20230809
Date:
09 八月 2023 (Wednesday)
Time:
6:30 pm - 8:00 pm
Speakers:

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

Mr Felix Tsang, Associate Director, Tax Controversy Services, PwC Hong Kong

Language:
Cantonese
Venue:
TIHK Office, 21/F, Kam Sang Building, 255-257 Des Voeux Road Central, Hong Kong
Proficiency Level:
Intermediate Level
Fee:
$150 – $200
CPD Hours:
1.5
Seat:
100
Event Categories:
,
Application Form:
20230809_Enrollment Form

Description

The tax returns issued by the Inland Revenue Department (“IRD”) have become more and more complicated. More information needs to provided to the IRD. In almost every year including 2022/23, the IRD adds new questions to the tax return. Failing to provide the information requested in the return may lead to penalty being imposed on the taxpayer. Furthermore, the additions may give hints on the IRD’s new focus of review. Taxpayers should be careful in responding to each item, bearing in mind whether any additional information should be submitted together with the tax return to avoid misunderstanding, what further queries this may lead to, what supporting documents you should get prepared for, and how to avoid being the next target for tax audit.

In this seminar, the speakers will cover the above in more details. Highlights of the seminar include:

Changes in the 2022/23 tax returns for companies and individuals, and what the implications are

Potential pitfalls in completing tax returns and questions these may lead to

Recent developments in topics vulnerable to tax disputes and prosecution

Case sharing

Interactive Q&A session

Speaker Profile

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.

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. These include 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 claims and Board of Review proceedings. With insights in tax dispute resolution, Felix also has comprehensive 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.