(Fully Booked) BDO Seminar: Navigating through Accounting & Tax Reporting Challenges

Date: 15 January 2020
Time: 14:00 - 17:00
Chatham Room, Conrad Hotel
Pacific Place, 88 Queensway
Hong Kong  
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  • Summary

Do you understand the impact of new accounting standards and tax laws on your business? 

The new revenue and leasing standards (HKFRS 15 and HKFRS 16) may have an impact for different businesses in terms of financial and tax reporting. In addition, the newly effective interpretation, HK(IFRIC)-Int 23 (Uncertainty over Income Tax Treatments), may affect the measurement of current and deferred tax assets and liabilities as at the reporting date when there is uncertainty over income tax treatment.

Cross-border intragroup transactions require a revisit to mitigate tax risks as transfer pricing (TP) rules are now legislated in Hong Kong with a number of related changes in the Inland Revenue Ordinance. With a widened definition of permanent establishment (PE) under the Fifth Protocol, China TP and tax risks, or opportunities, should also be considered together as overall risk profile management.

In this seminar, our specialists will share with you the practical steps that can be adopted to better address the implementation of new accounting and tax requirements.

The seminar will cover:

  • Financial and tax implications of HKFRS 15, HKFRS 16 & HK(IFRIC)-Int 23
  • Relief for foreign taxes and latest administrative practice in Hong Kong
  • Fifth Protocol to the China-Hong Kong double tax arrangement with widened PE definition
  • China VAT preferential policies
  • STA Public Notice (2019) No. 35
  • Customs (royalty embedded in imported goods)
  • TP in Hong Kong and interactions with other jurisdictions

 

Programme

 13:30

 Registration

 14:00

 

 Opening remarks​

 - Johnson Kong, Managing Director – Non Assurance, BDO

 14:05

 

 

 Practical application of HKFRS 15 and HKFRS 16 (conducted in English and Cantonese)

 - Simon Riley, Director and Head of Financial Reporting Advisory Services, BDO

 - Winnie Chan, Principal of Financial Reporting Advisory Services, BDO

 14:30

 

 Tax implications on accounting and other noteworthy changes 

 - Abigail Li, Principal of Tax, BDO

 14:55

 

 China tax development in 2019

 - Shirley Yu, Senior Manager of China Tax, BDO

 15:20

 

 Transfer pricing development in Hong Kong

 - Michelle Cheng, Senior Manager of Transfer Pricing, BDO

 15:45 

 Coffee break

 16:05




 

 

 

 

 

 

 

 Panel discussion – implications of HK(IFRIC)-Int 23 on tax and transfer pricing

 What are the key elements of the new interpretation?  How to manage economic substance   requirement, overseas tax risk and transfer pricing documentation in a post-BEPS environment? What   are the financial and tax reporting challenges?

 Moderator:

 - Agnes Cheung, Director and Head of Tax, BDO

 Panelists:

 - Carol Lam, Director of Tax, BDO

 - Enoch Hsu, Director of Transfer Pricing, BDO

 - Leo Li, Principal of China Tax, BDO

 - Winnie Chan, Principal of Financial Reporting Advisory Services. BDO

 16:45

 Q&A

 17:00  End of seminar

 

Details are as follows:

Date : Wednesday, 15 January 2020
Time : 13:30 – 14:00 (Registration)
    14:00 – 17:00 (Seminar session)
Venue : Chatham Room, Conrad Hotel
    Pacific Place, 88 Queensway, Hong Kong
Language : Cantonese, supplemented by English
Fee  : HK$180
CPD Units*
 
:
 
3 hours 
* The recognition of CPD hours by your professional organisations is subject to their CPD policies
Remarks : 1. For any enquiries, please contact Cecilia Young at +852 2218 3760/ [email protected]
    2. Cheque should be made payable to 'BDO Financial Services Limited'. Please send cheque to 'Marketing Department, 25th Floor, Wing on Centre, 111 Connaught Road Central, Hong Kong'.
    3. Booking will be only processed upon full payment. No show would be charged.
    4. If you wish to withdraw your registration, please contact Cecilia Young on or before 7 January 2020. No refund will be allowed after 7 January 2020.
    5. Confirmation of the successful registration will be sent by email once your registration is successful.
    6. BDO reserves the final right of acceptance of registration.