Hong Kong being a well-established international financial centre, the effective professional services and extensive financial foundation attract many multinational corporations migrating or establishing new businesses in Hong Kong. In particular, many corporations are interested to establish global or regional corporate treasury centres (“CTCs”) in Hong Kong.
In order to provide new job opportunities and attracting highly skilled people to Hong Kong, the Hong Kong government has also offered tax concessions to attract companies to domicile their special business such as aircraft leasing, ship leasing, and captive insurance business in Hong Kong.
The Italian Chamber of Commerce is glad to invite you to attend this webinar “Hong Kong Preferential Tax Regime Updates”. The purpose of this seminar is to provide insights on the preferential tax regimes in Hong Kong with the highlight on certain businesses namely CTCs, aircraft leasing, ship leasing, and captive insurances. EY would provide the details of the tax concessions and insights on the application of the relevant tax legislation on these businesses.
ABOUT THE SPEAKERS
Wilson is the Tax Controversy Leader in Hong Kong as well as the Tax Controversy Co-Leader in Greater China, with more than 20 years of Hong Kong corporate tax controversy and advisory experiences. He provides a wide spectrum of tax controversy services to conglomerates, listed companies as well as the US and European-based multinational corporations.
He has extensive experiences in dealing with Hong Kong tax authorities, e.g. assisting corporations in settling pro-longed tax disputes on contentious tax issues in Hong Kong such as offshore claim lodged by multinational corporations, capital gain claim on real estate properties, tax audit, and investigation on small-medium enterprises. More recently, he assisted clients to lodge an appeal to the Board of Review for controversial Hong Kong tax matters. His other tax experiences include group structure rationalization, cross-border transaction planning, IPO review, and restructuring.
While focusing on retail and consumer product as well as real estate, hospitality, and construction industry sectors, Wilson also has diverse industry experiences, including technology, entertainment, media, and telecommunications sectors.
Wilson regularly contributes tax technical articles to newspapers and technical journals and is a frequent speaker at tax seminars organized by various professional bodies in Hong Kong. He also serves as the Committee Member of Association of Chartered Certified Accountants (ACCA) Hong Kong from 2018/19 onwards and is the co-chairman of the taxation sub-committee of ACCA Hong Kong. From 2012/13 to 2015/16, he was the Council Member of the Taxation Institute of Hong Kong and was the founding organizer of the CTA Conference in Hong Kong.
Thomas has extensive experience in tax advisory on group structure rationalization and restructuring, pre-acquisition, pre-IPO review, offshore profits claim, applying Tax Residency Certificates, handling various enquiries from the Hong Kong Inland Revenue as well as negotiation and conclusion of compromised settlement proposal with the Hong Kong Inland Revenue.
Specifically, some notable projects Thomas has advised on include:
- Partnering with the transfer pricing, international tax, and law teams advising on corporate amalgamations, business transfer, development of supply chain strategies, transfer pricing, offshore profits claim, application of tax treaty benefits, all the way down to implementation, reporting, and compliance.
- Concluding compromised settlement proposals with the Hong Kong Inland Revenue Department, identifying valid arguments supported by precedent cases and the department’s prevailing practice.
Thomas has diverse industry experience, including technology and telecommunication, construction and infrastructure, diversified industrial products, retail and consumer products, real estate, etc.
He is dedicated to helping clients achieve business success by providing business taxation advisory service that meets each client’s unique objectives.
Vincent has more than 10 years of professional experience in the taxation field and is currently a Tax Senior Manager in EY Hong Kong.
He is responsible for providing tax consultancy and compliance services to multi-national and local companies, particularly those in the industries of luxury goods, food, property development, retail, energy, manufacturing, and logistics.
He has extensive experience in Hong Kong and regional tax advisory assignments including corporate restructuring, pre-IPO planning, tax health checks, tax due diligence, and dispute resolution.
In addition to advising clients on corporate tax matters, Vincent also supports clients in all aspects of a legal entity’s lifecycle, including entity creation, compliance, management of corporate changes, governance, and dissolution, with the objective of helping clients achieve compliance and best practice around corporate governance.
Vincent advised a wide array of international and local corporations on matters in relation to the appropriate forms of setups, corporate reorganizations, stamp duty filing, and exemption applications or statutory compliance and reporting, etc.
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