A Radical Change to Source Concept of Hong Kong Taxation System

With further announcement in the IRD’s website on 28 October 2022, radical changes are ready to take place in the source concept of Hong Kong taxation system starting from 1 January 2023.  

If you are pursuing offshore claim on the following income in Hong Kong:-

  • Dividend Income;
  • Interest Income;
  • Disposal gains (equity interest); and
  • Intellectual Property (IP) income (Royalty Income)

Your offshore claim could be at risk starting from 1 January 2023.

After this seminar, you will be able to understand:

  • Who will be affected by the refined FSIE regime;
  • What are the conditions for exemption; and
  • How you will be affected
  • Under the 3 principles determining the taxability of the passive incomes: 
    1. Economic Substance rule
    2. Participation Exemption
    3. Nexus approach


Henry Kwong

Tax Partner
Cheng & Cheng Taxation Services Limited

Henry first started his career in working at Hong Kong Corporate Tax Department in a Big 4 firm for a number of years and later joined Cheng & Cheng Taxation Services Limited. Henry and his team are equipped with knowledges in PRC, Hong Kong and International Taxation (both Corporate and Individual Income Tax) as well as transfer pricing in order to provide comprehensive tax planning solutions to clients.

Henry is a regular speaker at various professional associations including the Hong Kong Institute of Certified Public Accountants (HKICPA), the Taxation Institute of Hong Kong, Hong Kong Chartered Governance Institute (HKCGI), the Society of Chinese Accountants and Auditors, etc. He is also a frequent contributor of tax articles on various media and magazines, including Capital magazine, A Plus magazine (journal of HKICPA), CGj magazine (journal of HKCGI), Yahoo Finance, etc.

*Each participants with full attendance is entitled to 1.0 CPD hours.

Date & Time

24 Nov 2022 (Thurs)
Cantonese Session:

1:00 – 2:00pm / 

3:00 - 4:00pm

English Session: 

4:30 – 5:30pm


  • Zoom


Cantonese / English


Share this event

Subscribe to our monthly newsletter

to keep up with the latest trends!

see how we help our clients like you

Want to learn more?