Tackling challenges brought by new HKFRS standards and revised tax law

14:00 Tuesday 20 November

27/F Club Lusitano, 16 Ice House Street, Central, Hong Kong

In this seminar, our speakers will help you prepare your financial statements with new HKFRS standards, and address the impacts brought by revised tax structure.  

In this seminar, our speakers will help you prepare your financial statements with new HKFRS standards, and address the impacts brought by revised tax structure.  

HKFRS 9 Financial Instruments and HKFRS 15 Revenue from Contracts with Customers are already mandatorily effective on 1 January 2018. The new classification and measurement requirements are very different from previous standards. The complexity of the new standards poses a great challenge to financial statements preparation with proper disclosures.

At the same time, business impacts brought by taxation changes should not be underestimated as well.

On 31 August 2018, the Standing Committee of the National People’s Congress passed the amendments to the Individual Income Tax Law (“IIT Law”) during the 13th National People’s Congress of the People’s Republic of China. 

On 20 October 2018, the State Administration of Taxation released the Revised Detailed Implementation Rule (“DIR”) on IIT Law seeking for public consultation. What are the key changes in the IIT Law and the DIR? What impact would it have on mainland Chinese and foreign individuals working in China? What do business owners with operations in China need to understand? What is automatic exchange of information and its association with the revised IIT law and DIR? 

If you would like to attend this seminar, please click here for registration. For queries, you may contact Ms. Manda Fung at +852 2738 7789 or  mandafung@moorestephens.com.hk
 
Details of the seminar
Date: 20 Nov 2018, Tuesday
Time: 2:00pm – 2:30pm (Registration)
  2:30pm – 5:00pm (Seminar session)
Venue: 27/F Club Lusitano
Ice House Street, Central, Hong Kong
Language: Cantonese (supplemented with English materials)
CPD unit: 2.5 hour
RSVP: click here
  (Confirmation will be sent one week prior to the seminar)

About the speakers
Candy Fong, Technical Consultant
 
Candy Fong has about 18 years of experiences in applying HKFRSs or IFRSs. She was a technical and audit partner of a Big 4 accounting firm before September 2016.
 
Candy has substantial experience in overseeing projects for implementation and application of International Financial Reporting Standards or Hong Kong Financial Reporting Standards for large conglomerates and multinational corporations.
 
Candy is a member of the Financial Reporting Standards Committee of the Hong Kong Institute of Certified Public Accountants. She is also a panel member of a number of accounting projects of the Institute.
Winnie Tsui, Director – Tax

Winnie is one of the pioneers on China tax and has extensive experience advising clients in China and Hong Kong.
 
Winnie has more than two decades of professional and in-house tax experience gained in Hong Kong, China and Indonesia. She started her career at a Big 4 accounting firm in Hong Kong and also worked at the Beijing office of a Big 4 firm.
 
Previously a tax partner at two international accounting firms, she assisted clients of various industries on investment into China and mainland Chinese clients on investment abroad.
 
Throughout this time, she led numerous taxes due diligence projects involving targets across different industry sectors in Hong Kong, China and Asia. She has been heavily involved in M&A projects and frequently advises clients on deal structures.  She was also involved in providing tax advisory to companies who intend to establish franchise business in China.
 
Winnie was previously a director of an Indonesian conglomerate with diversified projects involving in consumer products and real estates in China.
 
 

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