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Cross-border and International Tax Developments

This seminar will be opened for enrolment on 24 May 2016 at 11:00am. The "Login to Enrol" button is NOT available before 24 May at 11:00am.

Event Details:

Speakers :

Ms Sophia CHAN, Senior Tax Manager, PwC Hong Kong

Ms Kathleen WANG, Tax Manager, PwC Hong Kong

Date : 27 June 2016 (Monday)

Time : 7:00pm - 9:00pm (Registration starts at 6:30pm)

Venue : Ming Hua Hall, 4/F., St. James' Settlement, No. 85 Stone Nullah Lane, Wanchai, Hong Kong (Please click here to see the map)

Language : Cantonese (no simultaneous translation)

CPD Credit : 2 hours

Fee : HK$100-

About the Seminar:

The Common Reporting Standard (CRS) for Automatic Exchange of Financial Account Information (AEoI) released by the OECD proposes a new global standard that will require, as enforced by local enabling legislation, financial institutions to review and collect information that will enable them to identify where account holders are liable to pay tax and to provide relevant information to the local tax administration authorities. Currently, about 100 countries have committed to the compliance of the CRS.

Apart from CRS, the OECD has also agreed a new framework for the implementation of a package of measures against Base Erosion and Profit Shifting (BEPS), which refers to tax planning strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations where there is little or no economic activity, resulting in little or no overall corporate tax being paid. There are 15 Action Plans to address BEPS with the final reports released in October 2015. It is clear that domestic implementation of the BEPS measures has been gaining momentum as evidenced by the various initiatives taken by the G20/OECD, the EU and several countries that are at the forefront of tackling tax avoidance.

With the global trend of moving towards greater tax transparency and working against double non-taxation, Hong Kong is under great pressure to make a change. The Hong Kong Government is expected to implement due diligence obligations beginning in 2017 and engage in the first information exchange in 2018. The Hong Kong Government will put in place a legal framework and a system platform to implement the AEoI. Additionally, the Deputy Commissioner of Inland Revenue has recently commented on the implementation of the BEPS project in Hong Kong. One clear message that have emerged is that Hong Kong will need to respond to the rewritten international tax rules and update its tax system and legislation.

In this seminar, the speakers will share insights of below:-

- Snapshot of CRS and what it means to corporations other than financial institutions

- Update on latest Base Erosion and Profit Shifting (BEPS) development

- Likely pace of implementation and uncertainties in the implementation of BEPS recommendations in Hong Kong

- Potential impacts and concerns on Hong Kong businesses and how they should plan ahead under the BEPS environment

About the Speakers:

Ms Sophia CHAN, Senior Tax Manager, PwC Hong Kong

Sophia is a senior tax manager at PwC Hong Kong. She completed a two-year secondment for the International Tax Services at PwC US in September 2012, mainly worked on outbound investments and spin-off exercises of US multinationals involving Asia. Currently, she focuses on Hong Kong and China tax practices and provides a full range of tax consulting services to clients. Sophia has extensive experience in advising clients from Hong Kong, China and international tax aspects, including corporate and operation structuring for initial public offering, cross-border transactions, tax due diligence review, Hong Kong and China tax dispute and resolution.

Ms Kathleen WANG, Tax Manager, PwC Hong Kong

Kathleen is a tax manager at PwC Hong Kong, who has extensive experience in providing tax compliance and consultation services to various multinational and Hong Kong companies, including tax planning, tax restructuring, corporate compliance review, and negotiation/conciliation with tax authority. She recently has taken up the champion role on Common Reporting Standard (CRS) project for various financial institutions. She has contributed to PwC publications on the latest OECD developments in the CRS and Automatic Exchange of Information, and also delivered speech in a number of CRS awareness seminars organised by governmental body and industry organisation.

CPD Hours:

Completed CPD hours will be granted to attendees who have attended a full session of seminar. For those who have not attended full session, the number of CPD hours will be discounted accordingly. For the exact recognition of the CPD hours, please check with the respective Institute or Association.

Bad Weather Arrangement:

This event may be cancelled or re-scheduled when typhoon no.8 or black rainstorm warning is hoisted. Please refer to our website for the arrangement.


Accounting Development Foundation Limited (ADF)

CPD Requirements: Our seminars can fulfil CPD requirements. As professional bodies would not formally endorse the seminars we provide, it does not mean that the events we organize do not meet the CPD purpose. Registrants should note that you are responsible for determining whether our seminars or any event satisfy your CPD requirements i.e. that the training you receive are of appropriate standard and relevance to your maintaining and enhancing the technical knowledge and professional expertise. If necessary, please check with your respective professional body before registering our seminars. ADF does not warrant that the attendance of our seminars or events would automatically be recognized by the respective professional bodies as fulfilling your CPD requirements.


- This seminar will be opened for enrolment on 24 May 2016 at 11:00am. The "Login to Enrol" button is NOT available before 24 May at 11:00am.

- Only ADF Friends and online enrolment will be accepted. Please make sure that you have registered as an ADF Friend and have your ADF Friend account activated before enrolment.

- You may also click here to read the enrolment procedures.

- Acceptance will be on a first-come-first-served basis.

Our server may experience high volume of traffic and cannot process your registration immediately. We are sorry for any inconvenience caused and your kind understanding is highly appreciated.

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