TIHK News
| News | Date |
| [NOTICE] Early closure of TIHK Secretariat Office at 6:00 pm on 06 March | 6 March, 2024 |
Please note TIHK Secretariat Office will be closed early at 6:00 pm on 6 March for 2024 Spring Cocktail Reception cum CTA Exam Award Presentation.
| TIHK X SCAA Seminar — The Use of IRD iXBRL Data Preparation Tools | 1 March, 2024 |
*TIHK members only (Free of charge)
The Inland Revenue Department (IRD) launched enhanced e-filing services for profits tax returns on 1 April 2023. These services aim at promoting tax digitalization and enhancing the efficiency of the profits tax returns filing. The enhanced e-filing services include e-submission of supporting documents in iXBRL format. The IRD provides free conversion tools, namely, IRD iXBRL Data Preparation Tools (the Tools) for corporations and businesses to convert financial statements and tax computations into iXBRL data files.
To provide additional support to the practitioners, IRD co-organizes a course with The Society of Chinese Accountants & Auditors (SCAA) and The Taxation of Institute of Hong Kong (TIHK) to give hands-on training on the operation of the Tools. The speakers will also walk you through the basic features of the IRD Taxonomy Package, overview and functions of the Tools, and demonstrate the process flow from preparation to generation of the iXBRL finalised package.
Date: 15 三月 2024 (Friday)
Time: 6:30 pm – 9:30 pm
Language:Cantonese
Venue: 7/F, Righteous Centre, 585 Nathan Road, Mongkok, Hong Kong Hong Kong, China
Speakers:
Ms Emily Hui, Manager, PwC Hong Kong
Mr Tim Kui, Tax Senior Manager, PwC Hong Kong
| TIHK Seminar — 2024-25 Hong Kong Budget Highlights | 27 February, 2024 |
The Hon Paul Chan Mo-po, Financial Secretary of the Government of the HKSAR, will deliver the 2024/25 Budget on 28 February 2024. While the Hong Kong economy revived moderately in 2023, the competition within the region and the uncertainties posed by the external environment have made it even more important for the government to come up with fiscal and tax measures that support Hong Kong’s economic growth and long term sustainability of public finance.
In this seminar, Ms Carol Liu, the President of TIHK, Ms Ada Ma and Mr Desmond Wong, the Council Members of TIHK, will discuss the highlights of the 2024/25 Budget and share their insights with our members.
Date: 07 March 2024 (Thursday)
Time: 12:30 pm – 1:30 pm
Language: Cantonese
Venue: Live webinar
Speakers:
Ms Carol Liu, President, TIHK
Ms Ada Ma, Council Member, TIHK
Mr Desmond Wong, Council Member, TIHK
| TIHK 2024/25 Budget Proposals | 22 February, 2024 |
The Institute held a press conference today (22 February 2024), introducing its proposals on the Government’s 2024/25 Budget. For details of the proposals, please click here.
| TIHK Secretariat closed from 2:00 pm on 9 Feb to 13 Feb for Chinese New Year holiday | 9 February, 2024 |
| [NOTICE] Early closure of TIHK Secretariat Office at 2:00 pm on 09 February | 8 February, 2024 |
Please note TIHK Secretariat Office will be closed early at 2:00 pm on 09 February, Chinese new year’s eve.
Wish you a happy Lunar new year and good health.
| TIHK Supporting Event — 7th IFA Hong Kong APAC International Tax Conference | 30 January, 2024 |
The Conference will start with the registration and then to be followed by the Young IFA Network seminar as well as the Welcome Cocktail Reception on the evening of the 22nd of April 2024, with a full technical day program on 23rd and 24th of April 2024. A gala dinner will be held on the evening of the 23rd of April 2024.
Conference Information:
Date: 22 April 2024 (Monday) to 24 April 2024 (Wednesday)
Time: 4:00pm to 5:30pm (HK Time)
Format: In-person
Venue: Marriot Ocean Park, 180 Wong Chuk Hang Rd, Aberdeen Hong Kong, Hong Kong SAR (China)
For details, please visit at https://www.ifahongkong.org/
For enquiries, please contact Willem Jan Hoogland at registerinterest@ifahongkong.org.
| TIHK Supporting Event — AAIL Webinar: International Development in Cross-Border Taxation | 30 January, 2024 |
The global minimum tax introduced as an important component of second pillar of the ‘Two-Pillar’ solution announced by OECD in July 2021 is considered to be a powerful weapon to deal with profit transfer and excessive tax competition. The Government of the Hong Kong SAR has already announced in the 2023-24 Budget Speech of her plan to bring in force Pillar 2 from 2025 onwards, and has recently started the consultation. This webinar will begin with a general introduction of the BEPS MLI, followed by an indepth discussion of the Pillar 2. The speaker will offer her insights into Pillar 2, and deliberate on how it is going to shift the tax landscape after implementation.
Webinar Information:
Date: 6 February 2024 (Tuesday)
Time: 6:00pm to 7:00pm (HK Time)
Format: Webinar
Language: English
Venue: Zoom platform
For details, please visit at https://aail.org/2024-02-webinar-taxation/
For enquiries, please contact Asian Academy of International Law at events@aail.org
| Early closure of TIHK Secretariat Office at 2:00pm on 22 December | 19 December, 2023 |
Please note TIHK Secretariat Office will be closed early at 2:00 pm on 22 December (the Winter Solstice).
| Important: Renewal of 2024 Membership & CTA Certificate (if applicable) | 4 December, 2023 |
Members and Students should complete the 2024 Membership Renewal on or before 29 February 2024. Failure to renew your membership on time will result in the cessation of your TIHK membership and the removal of your name from the CTA Register (if applicable).
Important notes for 2024 Membership Renewal:
1. Online Renewal of Membership and CTA Certificate
To encourage members to renew their membership and CTA certificate (if applicable) online, the Institute will offer one incentive to those members who complete the 2023 renewal via TIHK website by 31 January 2024.
Please log-in your TIHK account, and visit “My Profile” -> “Advancement & Renewal” -> “Annual Renewal”.
The incentive is as follows:
- Two HK$50 CPD e-coupons for enrolling in the Institute’s seminars or webinars
For those who complete renewal online by 31 January 2024, the Institute will offer two HK$50 CPD e-coupons (total value at HK$100) through email. The first e-coupon will be issued in February 2024 and valid until May 2024. The second e-coupon will be issued in May 2024 and valid until August 2024.
2. Declaration for Renewal of 2024 Membership
All members (Fellow, Associate and Affiliate) are required to complete the declaration for renewal of 2024 membership.
Starting from 2022, members who are not CTAs are also required to declare whether they have fulfilled the Institute’s CPD requirement when they renew their membership. The CPD requirement for non-CTA members is to obtain a total of 10 CPD Hours during 1 December 2022 to 30 November 2023, of which 3 hours are tax related. Please visit www.tihk.org.hk/continuing-professional-development/ for details on the Institute’s CPD requirements.
All Chartered Tax Advisers and Certified Tax Advisers who are in public practice are required to be covered by Professional Indemnity Insurance (“PII”), unless they are exempted because their liabilities have already been covered by the firm or PII obtained in their other professional capacity.
AMTD is the broker of the Institute’s master PII policy. Enrollment for and renewal of the 12-month policy (incepton date from 1 January 2023) is now opened. The deadline will be 29 December 2023 (Friday).
PII renewal form for existing PI-enrolled members:
The forms and payment details could also be downloaded at www.tihk.org.hk/professional-indemnity-insurance (member’s log-in is required). Please feel free to contact AMTD at 3163 3260 or taxpi@amtdgroup.com for details on the master PII policy and submiting proposal form/ renewal form.
5. Online Renewal of Student Registration
In order to be more environmental-friendly, Students are strongly encouraged to renew their student registration online.
Please log-in your TIHK account, and visit “My Profile” -> “Advancement & Renewal” -> “Annual Renewal”.
We hope that you will stay with us, and we will count on your continuous support to the Institute in the coming year. If you have difficulties renewing your membership online or accessing our website, please contact the Secretariat at tihkadm@tihk.org.hk or 2810 0438.
The Taxation Institute of Hong Kong
December 2023