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20200509_30 A step-by-step approach to Tax Audit handling – Workshop 4
Description
The courses is structured based on most recent IRD development in Tax Audit approach
The Hong Kong Inland Revenue Department’s (“IRD”) practice in conducting tax audits are constantly evolving. In particular, the officers’ views on offshore claims and cross-border related party transactions are tightening with the recent developments in global environment in BEPS and BEPS 2.0, combating double non-taxation. Which have impacted on the attitudes and tactics adopted by the officers when handling tax audits, particularly at the initial interviews. As such, newstrategies 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 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.
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Lecture 1 |
Lecture 2 |
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1. Recent developments in tax audits. 2. Structure of the IRD’s tax audit team and its importance to a settlement. 3. How does IRD select files for review? 4. IRD review procedures, from initial interviews to settlement interviews. 5. How to prepare for an initial interview? 6. Mock interview 7. Things to note during an initial interview. 8. How to amend an initial interview note. |
1. Explore different strategies to the tax audit case after interview. 2. Ways and methods to help taxpayers to substantiate their cases. 3. Points to note when providing additional information to IRD. 4. Common error in handling tax audit case 5. How IRD considers the penalty of a taxpayer. 6. IRD’s prosecution cases.
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Lecture 3 |
Lecture 4 |
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1. Explore different settlement strategies. 2. IRD’s approach in a settlement interview and how to prepare for it. 3. How to reach a settlement with IRD or otherwise. 4. Explore different ways to mitigate IRD penalty. 5. Explore how a particular tax audit case can be handled differently. 6. Explore different settlement negotiation tactics.
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1. Case studies, covering issues such as :- a. Offshore claims b. Transfer pricing c. Charities d. Fund management e. Evasion cases f. Avoidance cases 2. Questions and answer |