TIHK News

The Accountancy Forum on Contemporary Issues in Accounting organised by IVE Business Discipline has been well received by the accounting industry and attracted overwhelming enrolments in the past years.

Event Information:
Date: 29 June 2023 (Thursday)
Time: 2:30 pm – 5:30 pm
Format: Webinar
Flyer: Click Here
Enrollment: Click Here (Deadline: 16 June 2023)
(An email will be sent to you when your registration is accepted, which will involve login method of the webinar.)

Topics & Speakers:

Listing Framework for the Listings of Specialist Technology Companies  特專科技公司上市機制

Mr. LO Wa Kei, Roy
Managing Partner, SW Hong Kong
Deputy President, Hong Kong Association of Registered Public Interest Entity Auditors
Divisional Councillor, CPA Australia

Latest Development of Family Office 家族辦公室最新發展

Hon. WONG Chun Sek, Edmund
Legislative Council Member – Accountancy Functional Constituency
Practising Director, Patrick Wong CPA Limited

Latest Development in the Greater Bay Area and Opportunities for Finance and Accounting Executives in Hong Kong 大灣區最新發展及對香港財會業界的機遇

Ms. WONG Shun Yee, Rebecca
China Tax and Business, Advisory Partner, PwC
Deputy President, CPA Australia South China Committee
Committee member of China Tax Support Group of The Hong Kong Institute of Certified Public Accountants

For any inquiries, please feel free to contact Ms Jessica Liu at jessicaliu@vtc.edu.hk or call ‪2708 5357.

File Tax Return – Individuals through eTax to enjoy personalized on-line tax services.  Electronic filing is secure, easy and environment-friendly.

Please visit www.gov.hk/etax for details.

Dear Members,

You are invited to contribute articles to help the public in completing and filling the individual tax returns as well as understanding of basic tax knowledge.

Eligibility:

A contributor MUST be an any current member of the Institute (Affiliate, Associate and Fellow) and a Chartered Tax Adviser or Certified Tax Adviser.

General guidelines:

• Each member can submit maximum three entries only.
• The topic and content of articles must be individual tax related covering Hong Kong Tax or PRC tax.
• No word limitation on the topic but the articles should be within 280 words excluding punctuation marks.
• The article could either be in Chinese and English
• It is suggested to keep the articles general and simple as the readers are the public with basic tax knowledge.
• In each article, the name of TIHK and the title of CTA will be shown. You can choose to publish your article either in your full name, initial and or firm name.
• In each article, maximum two contributors can be stated.
• A disclaimer will be stated on the article.
• The topics and articles submitted will be reviewed by the Publicity and CTA Promotion Committee according to the content, structure, and creativity.
• The selected articles will be published in all publications and promotional media of The Taxation Institute of Hong Kong (“The Institute” or “TIHK”), including but not limited to newsletters, social media platforms, email direct marketing circulars, website, and event booklets but also in Chinese newspaper (Headline).
• Contributors of articles selected for publication will be notified before publication of the articles.
• Articles may be edited and shortened for publication purposes.
• You may refer to the Appendix A for the previous published articles and Appendix B for the past years’ topics.
• This guideline will be made known to all contributors.

Download the submission guidelines:

Topics Submission:

Please submit your topics via https://forms.gle/AQLKMuW44WjRV3Sw5 on or before 21 April 2023 (Friday). The Secretariat will contact you on 26 April 2023 for revision if needed. The final topics will be confirmed on 28 April 2023. A confirmation email will be sent it to you in due course.

Articles Submission:

Please submit your articles in WORD file to tihkadm@tihk.org.hk on or before 8 May 2023 (Monday).

Important dates:

Should you have any queries, please do not hesitate to contact Ms Mona Ho at 2810 0438.

Below content is in Chinese only, please contact the Secretariat at 2810 0438 for assistance.

香港稅務學會現推出會員端午節食品優惠，會員請自行於學會網站訂購或向秘書處遞交訂購表。優惠詳情如下:

1. 於稅務學會網站訂購 (需登入會員賬戶):

美心東海堂網上訂購 / 恆香網上訂購

(網址內的價錢為香港稅務學會會員價，只限會員購買，請先登入會員帳戶以訂購端午食品。)

2. 向秘書處遞交訂購表:　

按此下載 美心東海堂訂購表 / 按此下載 恆香訂購表

已填妥的訂購表可透過以下方式交回香港稅務學會秘書處：

• 以信用卡付款 : 電郵至 tihkadm@tihk.org.hk / 傳真至2523 1263
• 以支票付款 (訂購日期以郵戳日期為準，郵戳日期為2023年4月20日後恕不受理) : 連同訂購表郵寄至香港稅務學會— 上環德輔道中255-257號錦甡大廈 21 樓

[延長截止日期] 會員價截止訂購日期（以全數付款計算）：2023年4月20日（星期四）

條款及細則:

上述報價只供會員自用及送禮，不可公開轉售。

會員價截止訂購日期（以全數付款計算）：2022年4月20日（星期二）（所有貨品，售完即止，恕不作另行通知）

上述禮劵只於下列日期及地點領取：

預計自取日期：2023年5月8日至 5月12日，上午10時至下午6時 (確實領取日期及細節以電郵為準)

自取地點：香港稅務學會— 上環德輔道中255-257號錦甡大廈 21 樓

所有禮劵不設退款。如有任何爭議，香港稅務學會保留最終決定權。

*有關恆香食品之詳情可瀏覽網頁: https://www.hangheung.com.hk/

*有關美心食品之詳情可瀏覽網頁: https://www.maximsproducts.com.hk/tc/eshop

*有關東海堂食品之詳情可瀏覽網頁: https://www.aromeonlineshop.com.hk/tc/eshop

如對上述優惠有任何疑問，請致電：2810 0438 或 電郵：tihkadm@tihk.org.hk 查詢

Hong Kong Institute of Certified Public Accountants and The Society of Chinese Accountants & Auditors are co-hosting the CPA Sports Carnival 2023 on 7 May 2023 (Sunday).  The event, themed “Happy 香港•活力CPA”, aims at providing an occasion for professional accountants to communicate and interact with each other through engaging in different sports activities and to share the benefits of exercise.

Being the supporting organisation of the Carnival, we are pleased to invite TIHK Members and Students to attend the event and take part in the following races:

–          60m, 100m, 400m, 1,500m individual (male and female)
–          4x100m relay (male, female and mixed)
–          Tug-of-war (team of 10)
–          Plank (female)
–          Push-up (male)

Event Information:
Date: 7 May 2023 (Sunday)
Time: 9:00 am – 2:00 pm (tentatively)
Venue: Siu Sai Wan Sports Ground, 8 Fu Hong Street, Siu Sai Wan
Enrollment: Click HERE
Enrollment Deadline: 10am, 14 April 2023

For any inquiries, please feel free to contact TIHK Secretariat at tihkadm@tihk.org.hk or call 2810 0438.

Inland Revenue Department – Profits Tax Filing

The Inland Revenue Department (IRD) issued 2022/23 profits tax returns to corporations and partnership businesses on 3 April 2023. Particular attention should be paid to the following:

• All corporations and businesses, regardless of the amount of their gross income and the mode of return filing, must submit profits tax return together with all supporting documents (including financial statements and tax computation). This includes small corporations and businesses with gross income not exceeding HK$2 million, which will no longer enjoy the exemption from furnishing supporting documents when filing their profits tax returns.
• All relevant supplementary forms and other forms required to be furnished with the profits tax return must be e-filed under eTAX.
• If a taxpayer chooses not to e-file the return, the taxpayer has to print and sign a paper Control List for the supplementary forms and/or other forms e-filed and then furnish the signed Control List together with the profits tax return and supporting documents in paper form.

The IRD has gradually enhanced the functions of electronic tax filing to promote tax digitization, to enhance filing efficiency, reliability and accuracy.  Enhanced voluntary e-filing services for profits tax returns have been launched alongside with the following new features:

• All corporations and businesses can e-file profits tax returns under eTAX for the year of assessment 2022/23. They only need to fill in simplified e-returns online, upload the required completed forms and the supporting documents, prepared in Inline eXtensible Business Reporting Language (“iXBRL”) format, then e-sign and submit the returns through the eTAX services.
• Apart from full electronic filing mode, semi-electronic filing mode is also available under the enhanced eTAX services.
• For full electronic filing or semi-electronic filing of profits tax returns, the taxpayer is required to submit the supporting documents (i.e. financial statements and tax computation) in iXBRL format. To help taxpayers prepare the required iXBRL data files, IRD iXBRL Data Preparation Tools are available for download on the IRD website (ird.gov.hk/ixbrl) free of charge.

Taxpayers are encouraged to e-file their profits tax returns through the enhanced eTAX electronic services.

Benefits of e-filing

• Minimizing errors in tax filing
• Reducing the turnaround time for signature or authorization arrangement
• Enhancing the efficiency, reliability and accuracy
• Providing round-the-clock service

Visit IRD’s website at www.ird.gov.hk/e_epf for more details.

Programme Overview

To promote the study of taxation and encourage the pursuit of tax profession, the Taxation Institute of Hong Kong (“The Institute”) is organising the Career Development and Mentorship Programme (“the Programme”) since 2021.  The Programme consists of interviews, internship and mentorship opportunities offered by employers reviewed and approved by the Institute, which serves as a platform to connect industry professionals and aspiring young adults who would like to pursue a career in tax profession.

Last year, 17 Employers including 16 CPA firms and 1 commercial company (“the Employers”) and 58 students from five local universities signed up for the Programme.  The five universities are City University of Hong Kong, Lingnan University, The Chinese University of Hong Kong, The Hang Seng University of Hong Kong and The University of Hong Kong respectively.  35 students joined the interview sessions eventually and one-half of the students with outstanding performances were offered summer internships at the Employers.  Moreover, 27 students joined the mentor-mentee relationship with 14 tax practitioners from CPA firms and commercial companies.

Programme Timeline

Registration & Download

Download programme flyer:

Download programme guidelines:

Employer online registration: https://form.jotform.com/230447785120050

Download employer registration form:

Student online registration: https://form.jotform.com/230462753982058

Mentor online registration: https://alt.jotfor.ms/230822068665459

Enquiry for Career Development and Mentorship Programme 2023

Telephone: +852 2810 0438

Email: tihkadm@tihk.org.hk

(Organiser:  International Fiscal Association – Hong Kong Branch)

The event will look at how ESG can impact the tax morale of companies & the environmental tax measurements taken by governments, this all from an Asian perspective. Companies (including tax law/ advisory firms) face pressure to do it right (pay fair taxes/ be transparent on their tax (advisory) policies) from not only investors, the regulatory and society, but also from (their own) employees. How can they however reach this ESG tax goal (without losing from the competition)? How can small companies contribute to the ESG tax goal? And what are the role of governments in this (environmental taxes/ allowances) & whether governments should be made more accountability because of ESG ‘collected’ taxes?

Event Information:
Date: 1 March 2023 (Wednesday)
Time: 6:00pm to 7:00pm
Venue: Chatham Room, Conrad Hong Kong, Queensway 88, Admiralty
Panel Members:
-David Bradbury, Deputy Director of the Centre for Tax Policy and Administration, OECD
-Tom van der Lee, Finance Director for Sustainability, Commercial, Procurement and Support Functions, DFI Retail Group/ Jardine Matheson Holdings

Fee: $100 for each TIHK Member/ Student

For details and registration, please Click Here to visit the event page.

If you have any questions, please contact Mr Willem Jan Hoogland at registerinterest@ifahongkong.org.