The concept of permanent establishment (“PE”) was first introduced in 1940s. This has not been mentioned frequently in Hong Kong as the taxability of profits has been to a great extent relied on the question of source of profits. After the launch of Base Erosion and Profit Shifting (BEPS) project by the Organization for Economic Co-operation and Development, the definition of PE has a new chapter internationally. The enactment of Inland Revenue (Amendment) (No.6) Ordinance 2018 has also brought the international standard to life in Hong Kong. Would this change of definition of PE bring more controversy or settlement of tax issues?
The purpose of this seminar is to provide insights on the change of meaning of PE in Hong Kong and its tax implication.
• Compare the changes in the meaning of PE in Hong Kong
• The impact of the new definition to Hong Kong resident and non-resident companies
• Comparison of the PE definition and enforcement in the Asia Pacific Region
• The ways to allocate profits to the PE
• The consequence of non-compliance
Mr Wilson Cheng
Mr Martin Richter
Ms Cherry Lam
To enrol, please click the below enrolment form: [Priority to Fellow and Practitioner Endorsement (PE) holder]
Seminar Enrolment Form (for individuals)
Seminar Enrolment Form (Corporate Package)