hong kong’s actions in beps and global tax transparency€¦ · tax experts from public and...

ACCA Hong KongAnnual Tax Conference 2017

Hong Kong’s Actions in BEPS and Global Tax Transparency 29 April 2017 (Saturday) Conrad Hong Kong

To support international efforts to promote tax transparency and combat tax evasion, the Hong Kong Government has played an active role to implement Base Erosion and Profit Shifting (BEPS) measures released by the Organisation for Economic Co-operation and Development (OECD). With the aim of examining the latest development of BEPS and its implications on business, ACCA Hong Kong is honoured to have invited representatives of OECD and the Inland Revenue Department as well as tax experts from public and commercial sectors to discuss these measures at the ACCA Tax Conference. The Conference will also explore the trends in tax transparency, and in particular how businesses are preparing for and implementing Transfer Pricing rules and Common Reporting Standard (CRS).

About theConference

Event Details

ACCA Hong Kong Annual Tax Conference: Hong Kong’s Actions in BEPS and Global Tax Transparency

Date: 29 April 2017 (Saturday)

Time: 09.00 – 13.00 (Registration from 08.30)

Venue: Conrad Hong Kong, Grand Ballroom (Level LL), PacificPlace,88Queensway,HongKong

Medium of Language: English and Cantonese

Fees:ACCA Member (online enrolment) ......................HK$480ACCAMember/Affiliate/Student ....................HK$500Staff of Approved Employer ................................HK$600Non-member .......................................................HK$800

CPD Units: 4

Deadline for enrolment: 21 April 2017

Registration EnquiryConference Secretariat:Mastermind Events LimitedEnquiry Hotline: 2114 2811Fax: 2114 1969Email: [email protected]

2 Hong Kong’s Actions in BEPS and Global Tax Transparency

ACCA Hong Kong Annual Tax Conference 2017

Programme Rundown

08.30 – 09.00 Guest Reception and Registration

09.00 – 09.05(Cantonese)

Welcome AddressAlice Yip, FCCA, Chairman, ACCA Hong Kong

09.05 – 09.10 Souvenir Presentation

09.10 – 09.20(English)

Video Sharing: Latest International Trends and Developments on BEPS

Speaker: Pascal Saint-Amans, Director, Centre for Tax Policy and Administration, Organisation for Economic Co-operation and Development (OECD)

09.20 – 10.05(Cantonese)

BEPS Development in Hong Kong

Speaker:Brian Chiu, JP, FCCA, Deputy Commissioner (Technical), Inland Revenue Department

Moderator:Davy Yun, FCCA, Member, Tax Sub-committee, ACCA Hong Kong

10.05 – 10.35 (Cantonese)

Implications of BEPS Action Points on the Hong Kong Territorial Profits Tax System

Speaker:Fergus Wong, FCCA, Director, Tax Services - National Tax Policy Services, PwC

10.35 – 11.05(Cantonese)

How will CRS affect tax haven companies owned by individuals

Speaker:Patrick Yip, National M&A Leader, National Financial Services Tax Leader and Deputy Tax Managing Partner, Deloitte China

11.05 – 11.30 Networking Break

11.30 – 13.00(Cantonese)

Discussion Forum: Implications of BEPS, Transfer Pricing and Common Reporting Standard for businesses

Speakers:Roger Chan,FCCA,AsiaPacificTaxDirector,LVMHGroupMorrie Cheng,VicePresident,Tax,Asia,MetLifeKenny Wei, FCCA, Partner, International Tax Services - Transfer Pricing, EY

Moderator:Dr Danny Po, FCCA, Co-chairman, Tax Sub-committee, ACCA Hong Kong

13.00 Conference Ends



Speakers

Alice Yip, FCCAChairman, ACCA Hong Kong

Alice Yip has been a Committee Member of ACCA Hong Kong since 2012, serving as the Co-Chairman of the Professional Development Sub-committee and a member of the Annual Dinner and

Charity Task Force of ACCA Hong Kong from 2012 to 2015. She is currently an Audit Partner in KPMG China’s Consumer and Industrial practice.

Alice has been with the audit practice of KPMG China for more than 20 years. She is dedicated to providing audit and other assurance services to listed companies, multinationals and other major private firms in Hong Kong. Alice has extensive experience in handling IPO and cross-border client projects. She has assisted a number of enterprises in raising funds from the United States and the Hong Kong capital market.

Alice is a member of the Hong Kong Institute of Certified Public Accountants and the Hong Kong Institute of Directors, and an individual member of the Hong Kong Retail Management Association.

Pascal Saint-AmansDirector, Centre for Tax Policy and Administration, Organisation for Economic Co-operation and Development (OECD)

Pascal Saint-Amans took on his duties as Director of the Center for Tax Policy

and Administration at the OECD on 1 February 2012. Pascal, a French national, joined the OECD in September 2007 as Head of the International Co-operation and Tax Competition Division in the CTPA. He played a key role in the advancement of the OECD tax transparency agenda in the context of the G20. In October 2009 he was appointed Head of the Global Forum Division, created to service the Global Forum on Transparency and Exchange of Information for Tax Purposes, a programme with the participation of over 100 countries.

Pascal graduated from the National School of Administration (ENA) in 1996, and was an official in the French Ministry for Finance for nearly a decade. He held various positions within the Treasury, including heading the supervision of the EU work on direct taxes and overseeing legislation and policy on wealth tax and mergers and spin offs. He was also the head of tax treaty negotiations and mutual agreement procedures. In this capacity, he participated in the OECD Working Party No. 1 of the Committee on Fiscal Affairs as the delegate for France before being elected Chair of WP1 in 2005. He was also a member of the UN Group of Experts on International Co-operation in Tax Matters, becoming a “rapporteur” in 2006. Before leaving government service, he was Deputy Director in charge of litigation at the Direction Générale des Impôts.

Pascal also served as Financial Director of the Energy Regulation Committee between 1999 and 2002 and was responsible for the introduction of new electricity tariffs.

Having earned a degree in history, Pascal also received a degree from the Institut d’études politiques of Paris.



Speakers

Brian Chiu, JP, FCCADeputy Commissioner (Technical),Inland Revenue Department

Brian Chiu is now the Deputy Commissioner (Technical) of the Hong Kong Inland Revenue Department. His present portfolio includes tax treaties,

transfer pricing, tax appeals, technical research, advance ruling. He is the head of the Hong Kong delegation in a number of tax treaty negotiations, having overall responsibility of the work of the Tax Treaty Section. He is currently engaged in the work relating to Automatic Exchange of Financial Account Information (AEOI) and Base Erosion and Profit Shifting (BEPS). He is a member of the Association of Chartered Certified Accountants, the Hong Kong Institute of Certified Public Accountants, the Institute of Chartered Accountants in England and Wales, the CPA Australia, and the Taxation Institute of Hong Kong.

Fergus Wong, FCCADirector, Tax Services - National Tax Policy Services, PwC

Fergus Wong is the Tax Director at PricewaterhouseCoopers Hong Kong. He has been a Committee Member of ACCA Hong Kong since 2006, serving as the

Co-chairman of its Tax Sub-committee from 2006 to 2013; and as Chairman in 2014/15. He is currently serving as a member of ACCA International Council.

Fergus has been in professional practice for years, mainly providing tax training and in-house tax technical support within accountancy professional firms, and has earned his reputation as expert in Hong Kong tax and international tax. In his early career years, he worked for the Hong Kong Inland Revenue Department. Prior to joining the professional firms, he spent over 20 years in accounting education, teaching taxation and accounting subjects in local and overseas tertiary institutions.

Fergus is a fellow member of the Hong Kong Institute of Certified Public Accountants and the CPA Australia, and a Certified Tax Agents (HK). He has also been involved with various professional bodies in their examinations / training in Hong Kong taxation and international taxation.



Speakers

Patrick YipNational M&A Leader, National Financial Services Tax Leader, Deputy Tax Managing Partner, Deloitte China

Patrick Yip is an International Tax Partner at Deloitte China. He specialises in US international taxation, China-Hong Kong

cross-border taxation and M&A transactions. His clients include some of the largest private equity funds, sovereign funds and multinational companies in China and the US. He also advises high-net worth individuals on multi-jurisdictional trust and estate planning. In addition, he is a specialist in FATCA and CRS.

Patrick previously worked in San Francisco (in another Big 4 firm’s International Tax Group) and at Deloitte US’ Washington National Tax Office (International). He regularly speaks at seminars and conferences and is widely published and frequently interviewed by the press. He has been involved in tax policy discussions with both the Hong Kong and Chinese tax authorities. He is fluent in English and Chinese (Cantonese and Mandarin).

He graduated from the University of Texas at Austin with an MPA Degree in Taxation (Highest Honors) and a BBA Degree in Accounting (High Honors). He completed the Senior Executive Programme for China at Harvard Business School. He also has an MBA degree (Hons) from the University of Chicago and a Law degree (Hons) from the University of Cambridge.

He is a member of the American Institute of CPAs and the Hong Kong Institute of Certified Public Accountants. He won an award in the State of Texas for his CPA exam results. He was named by International Tax Review as a Leading Individual in Tax.

Roger Chan, FCCAAsia Pacific Tax Director, LVMH Group

Roger Chan is the Asia Pacific Tax DirectorofLVMHGroup,amultinationalluxury goods conglomerate that possesses a unique portfolio of over 70 prestigious brands. The Group is active

in five different sectors: Wines & Spirits; Fashion & Leather Goods; Perfumes & Cosmetics; Watches & Jewelry; and Selective Retailing and others.

RogeristheleaderofLVMH’sAsiaPacifictaxfunction.His primary focus is to enhance and develop tax function effectiveness and managing tax risk and compliance.HejoinedLVMHin2008,havingpreviouslyspent16yearsin Asia Pacific tax issues.

Roger holds an MBA in International Management at University of London. He is a Hong Kong Certified Public Accountant and a fellow member of the Association of Chartered Certified Accountants. He is also a member of the Institute of Chartered Secretaries and Administrators; the Hong Kong Institute of Chartered Secretaries; and the Taxation Institute of Hong Kong.



Speakers

Morrie ChengVice President, Tax Asia, MetLife

Morrie Cheng has more than 20 years of experience in accounting and taxation in Asia. In particular, he has hands-on experience in insurance taxation. Morrie currently is the Regional Head of Tax at

MetLife. Before joining MetLife in 2016, he held several consulting and senior in-house positions including Regional Head of Tax and Accounting at Sun Life Financial and Regional Head of Tax at Henkel. Morrie is a member of the Hong Kong Institute of Certified Public Accountants, the Institute of Chartered Accountants in England and Wales, and the Taxation Institute of Hong Kong.

Kenny Wei, FCCAPartner, International Tax Services - Transfer Pricing, EY

Kenny Wei is a partner of EY’s Greater China transfer pricing team based in Hong Kong. He has been providing transfer pricing services to clients from

a broad range of industries including manufacturing, retailing, telecommunication, transportation, insurance, etc. His services include preparing transfer pricing reports, planning supply chain models, applying for advance pricing arrangements, handling transfer pricing audits. He also has significant experience in managing global and regional transfer pricing exercises, and resolving transfer pricing issues related to regional holding companies based in Hong Kong.

Kenny has participated in the first bilateral APA of China, and has assisted another client to conclude the first APA of Hong Kong. He also has experience in providing PRC tax and business advisory services.

Kenny is a frequent speaker at trainings and seminars organised by EY, tax authorities, accounting associations, chambers and interest groups. He has published several articles on top-tier international, regional and Chinese tax journals, such as BNA, Asia Pacific Taxation and the SAT’s International Taxation.

He is a member of the Hong Kong Institute of Certified Public Accountants; the Taxation Institute of Hong Kong; the Hong Kong Securities and Investment Institute and a fellow member of Association of Chartered Certified Accountants. He is also a Certified Tax Advisor and has passed all three levels of CFA exams. He graduated from the Lingnan University of Hong Kong with a degree in BA, Economics with full scholarship provided by Jockey Club for outstanding mainland students.



Dr Danny Po, FCCACo-chairman, Tax Sub-committee, ACCA Hong Kong

Dr Danny Po is Deloitte Touche Tohmatsu’s Asia Pacific and China National M&A Tax Leader. He has been a Committee Member of ACCA Hong

Kong since 2016, serving as the Co-chairman of its Tax Sub-committee.

Danny has more than 29 years of experience in China tax and business advisory services. He has been working closely with his teams in Hong Kong and the Mainland China to provide a wide range of transaction related tax services for both in-bound and out-bound investment.

Danny is an active speaker on China inbound and outbound M&A tax topics for trade associations and professional bodies as well as media in the Mainland of China and Hong Kong.

Danny has a DBA degree granted by the Hong Kong Polytechnic University and a MBA degree granted by the Chinese University of Hong Kong. He is also a fellow member of The Hong Kong Institute of Certified Public Accountants, The Taxation Institute of Hong Kong, and The Hong Kong Institute of Chartered Secretaries; and an associate member of The Institute of Chartered Accountants in England and Wales.

Moderators

Davy Yun, FCCAMember, Tax Sub-committee, ACCA Hong Kong

Davy Yun is a Tax Services Partner of Deloitte Touche Tohmatsu. He leads the National Technical Centre of Deloitte in Hong Kong. His clients include local

and multi-national companies of different industries. His special areas include merger and acquisition, corporate restructuring, holding company structure, permanent establishment, and advising on taxation issues of financial services industry, trading and manufacturing businesses.

Prior to joining Deloitte, he worked in the Hong Kong and Singapore offices of another Big Four accounting firm, a US investment bank in Hong Kong, and the Hong Kong Inland Revenue Department.

Davy had been a Committee Member of ACCA Hong Kong from 2008 to 2016, serving as the Co-Chairman of its Tax Sub-committee for a number of years up to 2016.



About ACCA

ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. It offers business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.

ACCA supports its 188,000 members and 480,000 students in 178 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 100 offices and centres and more than 7,400 Approved Employers worldwide, who provide high standards of employee learning and development. Through its public interest remit, ACCA promotes appropriate regulation of accounting and conduct relevant research to ensure accountancy continues to grow in reputation and influence.

Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. It believes that accounting professionals bring value to economies in all stages of development and seek to develop capacity in the profession and encourage the adoption of global standards. ACCA’s core values are aligned to the needs of employers in all sectors and it ensures that through its range of qualifications, it prepares accountants for business. ACCA seeks to open up the profession to people of all backgrounds and remove artificial barriers, innovating its qualifications and delivery to meet the diverse needs of trainee professionals and their employers.

For more information, please visit:

www.accaglobal.com

www.facebook.com/ACCA.HongKong

WeChat ID: ACCA_HK

Participants’ Particulars (Please use ENGLISH BLOCK letters to complete the form) Name of Participant Membership No (if any) Company Position Email (for confirmation)(see note 8) Tel Mobile No

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If the enrolment of your accompanying guest, if any, is unsuccessful, do you still prefer to process your enrolment? Y/ N1

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Fee No. of participant(s) Total

HK$500 (ACCA Member/Affiliate/Student) HK$600 (Staff of Approved Employer) HK$800 (Non-member)

Grand Total: $

Payment Method2 Cheque (payable to “The Association of Chartered Certified Accountants”)

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Cardholder’s Name (please print)

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Important notes: 1. ACCA Hong Kong reserves the right to cancel or make any changes to the event. No refund will be made unless the event is cancelled. 2. Enrolment by fax is ONLY acceptable for payments by credit cards. Only VISA and MASTERCARD will be accepted. Please fax to 852 2114 1969. 3. For cheque payment, a cheque MUST be attached to the completed enrolment form; otherwise the enrolment will be rejected. 4. Please issue separate cheques for different seminars/workshops and/ or activities you enrol, otherwise ACCA Hong Kong reserves the right to reject the enrolment. 5. To facilitate the orderly allocation of enrolments via online, fax and mail, valid applications will be processed on a first-come-first-served basis for enrolments through each

individual means. ACCA reserves the absolute right to make adjustments to the allocation of enrolments between different application channels in response to prevailing application status. In case the event is over-subscribed, the priority of enrolments will be given in the following order: ACCA Members, Affiliates, Students, Staff of Approved Employers and Non-members.

6. Members must fill in their membership no. for verification of their status. Enrolment forms with incomplete information will not be accepted. 7. Each enrolee will be notified via EMAIL of the result of their application for enrolment within five working days after the deadline of enrolment. 8. If you do not have an email address for receiving the conference confirmation, please provide your fax no. here: 9. If you do not receive any notifications regarding the enrolment status prior to the commencement of the event, please contact our Event Secretariat. All

unsuccessful application forms will be shredded after the event unless those which are paid by cheque will be returned to the enrolees. 10. The number of CPD units granted is corresponding to the number of hours of the conference scheduled. For those who arrive late and/or depart early from the scheduled

time, the CPD units will have to be discounted corresponding to the actual time of attendance by the attendee. 11. The on-line enrolment system is now available to ACCA members. Members are invited to make use of this system to facilitate your enrolment process. 12. The event may be cancelled/re-scheduled when typhoon no. 8 or black rainstorm warning is hoisted. Please refer to ACCA Hong Kong website for detailed arrangements. 13. Promotional discount for online enrolment is subject to review without prior notice. 14. Personal data held by ACCA related to you will be kept confidential but they may be transferred to a third party providing services to ACCA in relation to the organisation of

this event. 15. Any personal data provided in this form will only be used for the purpose of carrying out the above-mentioned conference. You are required to supply the data in order to

process your enrolment. You have rights of access and correction with respect to your personal data. If you wish to exercise these rights with respect to your personal data held by us, please contact the ACCA Hong Kong office.

16. ACCA Hong Kong office now operates from Monday – Friday, 10.00 – 12.30 and 14.00 - 18.00 (Closed during lunch hours from 12.30 to 14.00).

FOR OFFICE USE ONLY (TC20170429) Authorisation code: Handled by:

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Online enrolment (for MEMBERS only) is now available for THIS event, please visit http://www.accaglobal.com/hk/en/member/cpd-landing/cpd-event.html

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enrolment form for annual tax conference Hong Kong’s Actions in BEPS and Global Tax Transparency (TC20170429)

Please complete this form in BLOCK LETTERS and send it with payment or fax it to our Event Secretariat - Mastermind Events Limited: Address: unit 2501, Billion Trade Centre, 31 Hung To Road, Kwun Tong, Kowloon, Hong Kong Tel: +852 2114 2811 Fax: +852 2114 1969 (for enrolments only) Email: [email protected] Enrolment Deadline: 21 April 2017

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hong kong’s actions in beps and global tax transparency€¦ · tax experts from public and...

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