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How does the tax regime on qualifying corporate treasury centres operate?

This seminar will be opened for enrolment on 9 November 2016 at 11:00am. The "Login to Enrol" button is NOT available before 9 November at 11:00am.

Event Details:

Speakers :

Miss Sophia CHAN, Director, Tax services, PwC Hong Kong

Mr Ricky CHOW, Senior Manager, Tax Services, PwC Hong Kong

Date : 13 December 2016 (Tuesday)

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

Venue : Auditorium, 1/F., Duke of Windsor Social Service Building, 15 Hennessy Road, Wanchai, Hong Kong

Language : Cantonese (no simultaneous translation)

CPD Credit : 2 hours

Fee : HK$100-

About the Seminar:

The new tax legislation on corporate treasury centre (CTC) (The Inland Revenue (Amendment) (No. 2) Ordinance 2016) was gazetted on 3 June 2016. The legislation offers a concessionary tax rate for qualifying profits derived by a CTC in Hong Kong and relaxes the tax deduction for interest expenses in certain circumstances. That said, the legislation also contains some controversial profits tax treatment for interest income and other profits derived from an intra-group financing business. To clarify the interpretation and application of the new legislation, the Inland Revenue Department further issued Departmental Interpretation and Practice Notes No. 52 – Taxation of corporate treasury activity (“DIPN 52”) in September 2016. The speakers will share the key messages of DIPN 52 and its implications to intra-group financing businesses. They will also share their practical experience on how the CTC tax regime could potentially benefit an organisation.


- Overview of the CTC tax regime and the new profits tax treatments for interest income and interest expense for an intra-group financing business

- Major points of DIPN 52 and its key implications to intra-group financing businesses

- Case sharing on how the CTC tax regime could work

About the Speakers:

Miss Sophia CHAN, Director, Tax services, PwC Hong Kong

Sophia joined PwC Hong Kong in 2001. She is a Tax Director currently practicing both Hong Kong and China tax. Sophia completed her 2-year secondment in the International Tax Services division of the New York office of PwC US working in outbound investments and spin-off exercises of US multinationals involving Asia.

Sophia has extensive experience in advising clients from Hong Kong, China and international tax aspects. These include corporate and operation structuring for initial public offering, cross-border transactions, tax due diligence review, Hong Kong and China tax dispute and resolution. Sophia’s major clients are multinationals with global business presences on which the impact of Base Erosion and Profit Shifting (BEPS) is particularly significant. She is currently working with these clients on various BEPS projects relating to treaty abuse and mutual agreement procedure. She is also a frequent speaker in public seminars on tax topics including BEPS.

Sophia obtained her Bachelor of Business Administration degree and Professional Diploma in China Accounting, Finance, Taxation and Law from the Chinese University of Hong Kong in 2001 and 2007 respectively. She is a Fellow Member of the Association of Chartered Certified Accountants and a member of the Taxation Institute of Hong Kong.

Mr Ricky CHOW, Senior Manager, Tax Services, PwC Hong Kong

Ricky is a senior manager in the Corporate Tax group of PwC Hong Kong. He has extensive experience in providing Hong Kong and international tax consulting services and assisting companies with cross-border transactions on tax planning and tax structuring. He is also involved in many business advisory projects including the set up of tax efficient corporate holding and operational structure.

Ricky holds his Bachelor of Business Administration degree in Professional Accountancy from the Chinese University of Hong Kong. Besides, he is a member of the Hong Kong Institute of Certified Public Accountants.

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 9 November 2016 at 11:00am. The "Login to Enrol" button is NOT available before 9 November 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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