January 5, 2023
Tuesday, January 24 | International tax talk quarterly series: With the EY Global Tax Desk Network (1 pm ET)
A discussion on Hong Kong's refined foreign-sourced income exemption (FSIE) regime and an update on mainland China's tax treaty application
This month's webcast highlights developments that could affect multinational companies operating in Hong Kong and mainland China. Concerns expressed by the European Union have prompted legislative changes to Hong Kong's FSIE regime, effective beginning 1 January 2023. These changes will have wide-ranging implications for many Hong Kong holding and finance companies (with exceptions for certain financial businesses), as well as companies holding intellectual property.
In mainland China, the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) has come into force. The MLI includes a principal purpose test clause intended to address treaty abuse. The resulting changes to existing Chinese tax treaties are extremely relevant for companies investing into mainland China.
Panelists from EY's Asia Pacific (APAC) international tax desks will discuss these time-sensitive tax developments and how these changes may potentially impact businesses.
Date: Tuesday, 24 January 2023
Time: 1:00-2:15 p.m. ET New York; 10:00-11:15 a.m. PT Los Angeles
Registration: View archive here.
Lucy Wang, China Tax Desk, International Tax and Transaction Services, Ernst & Young LLP
Charlotte Wong, Hong Kong Tax Desk, International Tax and Transaction Services, Ernst & Young LLP
Russell Nicholas, APAC FSO Tax Desk, International Tax and Transaction Services, Ernst & Young LLP
Gagan Malik, Asia-Pacific Business Group Leader, International Tax and Transaction Services, Ernst & Young LLP
CPE credit offered: 1.4. Recommended field of study: Taxes. Learning objectives: Recognize key elements of Hong Kong's refined FSIE regime, identify the potential impacts of the MLI on mainland China tax treaties, and identify the specific country tax considerations and impact of these developments. This intermediate-level, group internet-based course has no prerequisites or advanced preparation. Final CPE award to be based on content, polling and length of participation. See CPE FAQ for more information.
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