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20240106_27 Workshop 1: Step-by-Step Approach to Hong Kong Tax Audit Handling (with more focus on case studies illustrating IRD’s new approaches)

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Programme Code:
20240106_27
Date:
06 January 2024 (Saturday)
Time:
9:30 am - 12:30 pm
Speakers:

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

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

Ms Jocelyn Li, Manager, Tax Controversy Services, PwC Hong Kong

Ms Kitty Yen, Senior Consultant, Tax Controversy Services, PwC Hong Kong

Language:
Cantonese
Venue:
To be confirmed (Hong Kong Island Side)
Proficiency Level:
Intermediate Level
Fee:
$1800 – $2200
CPD Hours:
3
Seat:
100
Event Categories:
,
Application Form:
20240106_27 Enrollment Form

Description

Total 12 CPD hours will be granted for this workshop.

The Hong Kong Inland Revenue Department’s (“IRD”) practice in conducting tax audits are constantly evolving. With the Government’s enormous budget deficit and the pressure sustained by the Government from the global environment on combating double non-taxation, the IRD has utilized more resources in conducting tax audits. New technology has made it easier for the IRD to identify tax audit targets. Recent developments in Hong Kong tax law has also led to new areas of potential dispute but also paved ways for new approaches to resolve tax audits. Taxpayers and practitioners should get up to speed on these developments to ensure effective handling of new tax audits.

We have invited the specialists from PwC to give us a highlight on these recent developments in tax audits. The speakers will lead us through the whole process of a tax audit, highlight the changes adopted by IRD and use real cases to explore with participants the different resolution strategies. Furthermore, participants will be invited to suggest topics for the speakers to quote relevant examples for elaboration during the webinar.

Workshop outline

  • Micro-movies illustrating each step of a tax audit for common business types
  • Step-by-step approach to demonstrate different strategies for resolving tax audits
  • Tailor-made case analysis in Lecture 4 based on participants’ responses in Lectures 1 to 3
  • Real life case studies with interactive exchange

Key contents of each lecture are as follows:

Total 12 CPD hours will be granted for this workshop.

Speaker Profile

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.

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

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.

Ms Jocelyn Li, Manager, Tax Controversy Services, PwC Hong Kong

Jocelyn has over 5 years of experience in Hong Kong taxation. Prior to joining PwC Hong Kong, Jocelyn had been working in the Inland Revenue Department under the Field Audit and Investigation Unit and the Charitable Donation Unit for more than 2 years. Jocelyn has provided Hong Kong tax controversy services, including handling tax audit cases and prolonged profits tax disputes with the IRD for listed companies, multinational enterprises and local clients in different industries. Apart from dispute resolution, Jocelyn also assisted both local and overseas charitable institutions in conducting tax health checks from a dispute prevention angle regarding the withholding tax and permanent establishment issues.

Ms Kitty Yen, Senior Consultant, Tax Controversy Services, PwC Hong Kong

Kitty has been working in Hong Kong taxation field for more than 4 years. Before joining PwC Hong Kong, Kitty had been working in the Inland Revenue Department under the Field Audit and Investigation Unit and Salaries Tax Unit for over 2 years. Kitty has assisted clients in resolving various tax dispute cases, including tax audit cases and complicated profits tax dispute cases with the IRD for listed companies, multinational enterprises and SMEs in different sectors. Kitty has also assisted in other areas including tax dispute cases for local charitable institutions and application of Hong Kong tax resident certificates for multiple companies.

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