Highlights

The recent outbreak of the 5^th wave of COVID has significantly impacted Hong Kong business sectors, resulting in many companies adopting new ways to carry out their daily activities.  Likewise, as many officers of the Inland Revenue Department have to work from home or help on the Government’s anti-epidemic measures, the handling and settlement of tax audits will likely be affected. 

In this webinar the speakers will share their experience on what taxpayers and their tax representatives can do in handling and resolution of tax audits in the current pandemic situations, including:

1. Difference between an enquiry letter and a tax audit, and relevance in pandemic situation

2. Structure of the IRD and why is it important in the resolution of a tax audit

3. How the pandemic has affected the handling of tax audits

4. Practical solutions to keep up tax audit progress during pandemic situations

5. Q&A

Speaker(s)

Mr. Philip Hung, Director, Tax Controversy Services, PwC Hong Kong

Philip is a Director in PricewaterhouseCoopers Ltd. He has over 35 years’ experience in Hong Kong taxation with six years in IRD. He is a well-known expert in the tax field and investigation specialty. After he left the IRD, Philip concentrated in assisting clients in handling tax investigation and field audit cases. Philip is the first to set up a specialized team to handle the IRD’s tax investigation and field audit cases for clients in the industry. His clients include SME, listed companies and various MNC, involving complicated cases such as worldwide onshore/offshore claim, disputes on contracting processing and import processing arrangements, transfer pricing adjustments, etc.

Philip is a regular speaker on tax audit and frequently contributes newspaper and magazines articles on the related topics.

Mr. Felix Tsang, Senior Manager, Tax Controversy Services, PwC Hong Kong

Felix has over 15 years of experience in resolving tax audits, tax investigation and other tax disputes for multinational corporations and local SMEs in different industries including manufacturing, services, fund management and charitable institutions, involving a diverse range of issues such as offshore claims, cross-border transactions, contract / import processing arrangements, anti-avoidance, transfer pricing, tax exemption claims and Board of Review proceedings. 

With insights in tax dispute resolution, Felix also has comprehensive experience in providing practical tax and business advice from a dispute prevention angle, including tax health check, defence file building, post-audit restructuring, tax due diligence, fee structure for fund management, and charity set up.