Dbriefs
20 Oct.

Hong Kong’s refined Foreign Source Income Exemption (FSIE) regime

China Issues

Thursday, 11:00 a.m.  ET | 1 hr
Credits offered: CPE Event language: English

Participants will receive an update on the refined FSIE regime and insights aiming to support any strategic planning and restructuring involving Hong Kong.

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Key takeaways

Host: Vivien Wang, partner, Deloitte US

Presenters: Jonathan Culver, partner, Deloitte China
                      Anthony Lau, partner, Deloitte China
                      Kwan Yu, partner, Deloitte China              

1 Overview CPE credit | Taxes 

In response to the EU placing Hong Kong on the “grey list” for tax cooperation, the Hong Kong Special Administrative Region (HKSAR) government has recently issued a consultation on proposed refinements to its FSIE regime to be effective on January 1, 2023. The refined FSIE regime strives to tackle double non-taxation on offshore passive income while upholding an attractive tax regime in Hong Kong. We’ll discuss:

  • Type of “in-scope passive income” subject to the refined FSIE regime
  • Exemption conditions and relief under the refined FSIE regime
  • Additional tax compliance requirements under the refined FSIE regime

Meet the host

Vivien Wang

Vivien Wang

Partner | Deloitte Tax LLP

Vivien has more than 18 years of public accounting and international tax experiences, providing tax consulting, compliance, and tax accounting assurance services to various high-tech and venture capital clients. Her experience includes structuring and globally managing both US inbound and outbound investments. Vivien assisted in the planning and implementation of the worldwide restructurings, mergers, acquisitions, and IP migrations for multinational clients. Vivien is also the National Tax leader of Deloitte’s US Chinese Services Group, specializing in China strategy planning for US companies and investment funds and US inbound investment issues for China based investors. Vivien is our US Inbound Practice leader for the West Region, focusing on serving foreign company’s investments in the US through both M&A and greenfield investment.

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Thursday, 20 Oct 2022 11:00 a.m. ET
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