Highlights
(1) Certificate of Resident Status (CoR)
The Hong Kong government relaxed the requirements for applying the Certification of Resident Status (CoR) in June 2023. However, the beneficial ownership requirements specified under State Taxation Administration Circular 2018 No.9 remains valid. Can a taxpayer enjoy the Double Taxation Agreement benefits with the CoR now
(2) Foreign-sourced income exemption (FSIE)
The Hong Kong Inland Revenue Department recently published first two advance ruling cases on the application of the foreign-sourced income exemption (FSIE). We are going to share practical experiences in handling FSIE regime.
On the other hand, we will cover the future development of FSIE Regime. More income will be under FSIE coverage.
After this seminar, you will be able to understand:
- Who will be affected by the relaxation of requirements for applying the tax resident certificates;
- What are the beneficial ownership requirements of State Taxation Administration of Mainland China;
- What are the notable points of the two advance ruling cases;
- How you will be affected.
Speakers
Henry Kwong
Senior Tax Advisor, ONC Lawyers.
Henry is a qualified Certified Public Accountant (CPA) and Chartered Tax Adviser (CTA). After obtaining a Bachelor Degree of Science in Quantitative Finance from The Hong Kong University of Science and Technology, Henry has worked in the tax department of a Big 4 CPA firm and then as a tax partner in a reputable CPA firm, serving as the principal auditor for around 20 listed corporations in Hong Kong and the tax advisor for over 80. He is specialized in providing Hong Kong, Mainland China and international tax advisory services, as well as transfer pricing services to international clients.
*Each participants with full attendance is entitled to 1.5 CPD hours.
Date & Time
10 October 2023 (Thur)
4:00 – 5:30pm
LOCATION
language
Cantonese
fee
Free of charge
Enquiries
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