Understanding of tax and accounting implications is crucial for multinational companies investing in Hong Kong.

This interesting seminar will start with a discussion on the general aspects of the Italian anti-tax haven provisions and the recent changes in the Italian tax regulations that may have an impact on Italian and European companies investing in Hong Kong. A few examples will be analyzed that more frequently affects companies and individuals doing cross-border business.

The lecture will then move on to the accounting, financial reporting and intercompany transactions complexities for companies operating in multiple countries with a special focus on local regulations.

We are glad to invite you to attend this business seminar helpful to figure out how to manage the risks of non-compliance with regulatory bodies.

ABOUT THE SPEAKERS

Marzio Morgante, Managing Partner, Asian Tax Advisory

Marzio is a member of the Tax Consultants Register of Milan and of the Italian Register of Statutory Auditors and he has been practising in Hong Kong since 2009 when he received an LL.M. in International Tax Law from Leiden University. His experience includes tax treaties, EC tax law, Italian tax law, Hong Kong tax law, corporate reorganizations, tax planning for corporations and individuals.

Erika Mingrino, Head of Finance, Accounting & Reporting, Asian Tax Advisory

Erika graduated in Economics and Management at Luigi Bocconi University (Milan, Italy) in 2011, and before joining ATA in Hong Kong, she worked as Senior Auditor at PricewaterhouseCoopers in Milan. Her area of expertise includes an operational and financial audit, understanding of business processes, general accounting, Italian GAAP, international Accounting standards and financial controlling.

The Infrastructure and Construction Focus Group (ICFG) together with the Italian Chamber of Commerce in the Philippines, Inc. (ICCPI) are organizing an Infrastructure and Construction Business Mission to Manila and Clark which will include the following activities:

• participation in the 10th Asian Development Bank Business Opportunities Fair;
• participation in PHILCONSTRUCT Luzon 2019 at Clark, Philippines;
• participation in the Launching of the Construction Industry Roadmap 2022-2030.

ADB Business Opportunities Fair (BOF) is a one-stop forum for consultants, contractors, manufacturers, and suppliers looking to provide goods and services for ADB projects.

Touted as the biggest expo of its kind in the Philippines, PHILCONSTRUCT has been defining the landscape of building and construction in the country for over two decades. It now serves as the annual meeting place for the industry’s movers and shakers, gathering hundreds of the leading suppliers and thousands of trade buyers in one venue.

The Construction Industry Roadmap 2020-2030, which focuses on four pillars – Institutions, Globalization, Productivity, and Sustainability, will be launched on 28 March 2019 at the Aseana Convention Center, at the sidelines of PHILCONSTRUCT Luzon.

Please contact Chynna Louise Riego at chynna.riego@iccpi.org.ph for registration and more Information.

The Italian Chamber of Commerce is glad to invite you to be our guest at an exclusive shopping night, in collaboration with one of the best-known Italian luxury brands.

On Wednesday 27th March, Roberto Cavalli’s Hong Kong pop-up store will open its doors to let you discover the iconic exotic graphics and animal-style prints Spring/Summer 2019 collection.

Join us in the heart of TST and don’t miss this special occasion to add signature Italian glamour to every look with Roberto Cavalli’s high-quality pieces of the latest collection, enjoying the 30% off for one night only.

MIECF is the international gala and high-powered business matching platform in the environmental industry in East Asia. It will devote itself to the theme of “Promoting ecological civilization and green development” in 2019, to influentially promote solutions for a low carbon future. Key information about MIECF 2019 are listed below.

– Leading trade fair: one of the most influential exhibition and exchange forum for environmental industry in Asia with 12 years of history

– Visitors: around 8,000 professionals in 2018

– Industries: Renewable energy, energy efficiency, waste management, green building, green mobility, air quality, environmentally friendly products and services, soil recovery and old site decontamination, etc.

– Highlights: International focus in the “Belt & Road”, Pan-Pearl River Delta Region, Guangdong-Hong Kong-Macao Greater Bay Area

– Business matching: Industry-specific networking and green matching platforms

EuroCham is organizing the European Pavilion at MIECF 2019. Participants will benefit from an exclusive package of booth and accommodation, speaking slots at the exhibition, round table discussions, and a strong presence under the collective image of European Pavilion.

Registrations are handled on a first-come, first served basis – so register early! Please contact Yanqing Jia at fsbc@eurocham.com.hk for registration and more Information.

The Italian Chamber of Commerce, in collaboration with Fogolar Furlan Hong Kong, is pleased to invite you to a Networking Cocktail evening that will improve your connections.

Join us at DiVino Patio in Wan Chai, a place where you can discover the tradition of old Italian grocery stores from the ’50s, and enjoy an evening of delicious drinks and tasty canapés while meeting and socializing with some new friends!

We look forward to seeing all of you, RSVP now to reserve your spot!

ABOUT FOGOLAR FURLAN HONG KONG

Fogolar Furlan Hong Kong is a non-profit association established in 2007 to promote the mutual knowledge and friendship between Hong Kong and Italy, as well as to contribute to worthy local and overseas causes through annual charitable donations. In 2018, the association directed an emergency donation to the Rigolato town which suffered from heavy flooding and provided assistance to the Asociación de Mujeres de Habla Hispana which has been used to support Cradle of Hope in Macau and St. Mary’s Home for Aged.

The Italian Chamber of Commerce is pleased to invite you to attend this business seminar helpful to tackle one of the main problems of the digital age.

Intellectual Property (IP) is a longstanding, critical concern for companies operating in China and its enforcement remains a major factor influencing their strategies and operations. Over the last 30 years, this country has made steady efforts to better protect and enforce IP rights, recording enormous progress in the improvement of its protection systems.

However, challenges remain. Infringements of IP rights especially persist due in part to the shifting of trade to online platforms which implies global reach, openness, versatility but also created fertile ground for trademark abuse. At the same time, creativity and aggressiveness of Chinese pirates are increasing and they are masters at staying one step ahead of the law and IP owners.

Our speakers will provide an overview of recent developments in Intellectual Property Protection in China and offer best practices focused on topics that range from addressing online infringements to protecting IP in the supply chain and dealing with registry pirates.

ABOUT THE SPEAKERS

Joe Simone, Partner, SIPS

Joe Simone is the founder and a partner with SIPS and has worked on IP issues in China for over 30 years, mostly with major international law firms. Joe also contributes regularly to position papers on legislative reforms issued by trade groups and professional associations.

Yu Bo, Partner, SIPS

Yu Bo is a partner with SIPS and focuses on trademark prosecution and contentious work, including administrative, criminal and civil enforcement of clients’ IP rights in China. He also serves on the International Trademark Association’s Anti-Counterfeiting Committee.

The Italian Chamber of Commerce is pleased to invite you to attend an enlightening business seminar on the change of Permanent Establishment meaning in Hong Kong and its tax implication.

Despite being first introduced in 1940s, the concept of permanent establishment (“PE”) has started to be widely mentioned in Hong Kong, and generally worldwide, after the launch of Base Erosion and Profit Shifting (BEPS) project by the OECD in 2015. This program had the aim to tackle international tax avoidance by high-profile multinationals. Moreover, the enactment of Inland Revenue (Amendment No.6) Ordinance 2018 has brought a big change because it primarily implements the international standards of the BEPS package and codifies the transfer pricing principles into the Inland Revenue Ordinance (IRO).

Would this brand-new definition of PE bring more controversy or settlement of tax issues? That’s the main theme that this seminar will deepen.

ABOUT THE SPEAKERS

Wilson Cheng, Partner, Hong Kong Business Tax Services / Tax Controversy Services, EY

Wilson is the Tax Controversy Leader in Hong Kong, with around 20 years of Hong Kong corporate tax 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, for example assisting corporations in settling pro-longed tax disputes on contentious tax issues in Hong Kong.  More recently, he advised his clients on new tax incentives scheme in Hong Kong and then assisted the client to obtain an advance ruling from the Hong Kong tax authorities.  His other tax experiences include group structure rationalization and restructuring, cross-border transaction planning and compliance, IPO review and restructuring.

Martin Richter, Partner, Transfer Pricing Services, EY

Martin is the Partner in charge of EY’s transfer pricing practice in Hong Kong, advising clients in both Hong Kong and Mainland China.

Martin advises on a full range of different transfer pricing project types, including policy design and implementation, tax aligned restructurings, audit defence, advanced pricing agreements, as well as general compliance and documentation.  He has deep experience in advising on a multitude of intercompany transaction types, including establishing and supporting unit prices for tangible goods; fees for services; royalties/licenses/ franchises for intangibles; and financing costs for financial transactions.

Cherry Lam, Partner, Hong Kong International Tax Services, EY

Cherry has extensive experience in advising multinationals corporations on international and Hong Kong tax matters and assisted her clients in numerous global and regional projects, including principal structure planning, operating model structuring, outbound investment planning, legal entity rationalization, licensing structure planning, tax health checks, IPO structure planning etc.

She is knowledgeable in serving clients in a wide range of industry including e-commerce, technology, industrial and consumer products, hospitality, logistics and transportation.

The Italian Chamber of Commerce is glad to invite you to an exclusive private sale at Intimissimi store in the heart of Central.

On Friday, April 12^th, our guests will have the chance to discover the ultimate Italian lingerie brand’s new arrivals and to shop them at discounted prices while enjoying a glass of prosecco and live Dj Set music.

RSVP now to get 20% off the entire collection for one night only.

The Italian Chamber of Commerce is glad to invite you to attend this business seminar about the opportunities and challenges for business relocation to Vietnam.

Since the implementation of the open-door (Doi Moi) policy in 1986, the government of Vietnam has been encouraging foreign investments into the country by creating a favourable legal environment and infrastructure.

Today Vietnam boasts a large number of Industrial Parks, Economic Zones, and Export Processing Zones which have made the essential contribution to attracting investment, creating jobs and improving the economic growth of Vietnam. South Korea is one of the biggest investors, followed by Taiwan and Japan.

Under the circumstances of US-China trade war, there is also a number of interested manufacturing companies looking to relocate their productions into Vietnam and, as a consequence, there has been an increase in the industrial property market demand and supply in Vietnam.

However, for a foreign investor, there are several factors that must be considered in order to decide where to locate operations, such as the geographic location, land, labour, infrastructure, industry, business environment and incentives. Foreign investors should also consider the types of industries already existing in the area to understand the potential benefits to their own operations.

ABOUT THE SPEAKERS

Alessandro Pedrinoni, CFO and Member of the Managing Board of Fidinam Group Worldwide

Mr Pedrinoni has gained cross-industry experience by working for world-leading management and business consulting firms. His fields of expertise comprise strategic planning, finance and performance management, business evaluations and business development. Academic credentials include an Executive MBA at Instituto de Empresa (IE) business school.

Sara Silenzi, Manager of the Italian Desk of Fidinam Hong Kong

Sara Silenzi holds a law degree from University of Parma (Italy) and a second Level Master in Business and Company Law from LUISS University Guido Carli (Rome). She passed the Italian Bar Exam in 2015. She is experienced in Italian company and tax law. Sara Silenzi has had experience in setting up companies in Vietnam.