STEP Hong Kong Philanthropy Group talk on the new Tax Guide for Charitable Institutions and Trusts of a Public Character - 8 July 2020

Host group
Host Left
Hosted by
STEP Hong Kong
Event Type
Meeting/Seminar
Date
Venue

The offices of Withers
20/F Gloucester Tower
The Landmark
Central
Hong Kong Island
Hong Kong SAR China

New "Tax Guide For Charitable Institutions and Trusts of a Public Character" - What you need to know

Michelle Chow, Consultant at Withers, a lawyer with extensive experience on charity law and charity operations will discuss the new tax guide for charities.

The IRD published a new 28 pages guide in late April 2020, which is an updated version of the September 2019 version. What do you need to know from this new guide?

  • what the IRD does NOT do – no advice on setting up or running of charities
  • what constitutes public benefit?
  • tax exemption – what must be noted: the proviso to section 88 Inland Revenue Ordinance
  • Charities need to pay tax? What is NOT exempted from tax – trade or business
  • Financial investment - is it allowed? Are income, gains or profits exempted from profit tax liability? How about property letting?
  • Charity Periodic Review – what's new?


The guide can be found here: https://www.ird.gov.hk/eng/pdf/tax_guide_for_charities.pdf

Please bring your own copy.

This is a bring-your-own-lunch meeting.  This event is free to attend but, as places are limited, please register with Janet Yee beforehand.

Add to Calendar 2020-07-08 00:00:00 2020-07-08 00:00:00 STEP Hong Kong Philanthropy Group talk on the new Tax Guide for Charitable Institutions and Trusts of a Public Character - 8 July 2020 New "Tax Guide For Charitable Institutions and Trusts of a Public Character" - What you need to know Michelle Chow, Consultant at Withers, a lawyer with extensive experience on charity law and charity operations will discuss the new tax guide for charities. The IRD published a new 28 pages guide in late April 2020, which is an updated version of the September 2019 version. What do you need to know from this new guide? what the IRD does NOT do – no advice on setting up or running of charities what constitutes public benefit? tax exemption – what must be noted: the proviso to section 88 Inland Revenue Ordinance Charities need to pay tax? What is NOT exempted from tax – trade or business Financial investment - is it allowed? Are income, gains or profits exempted from profit tax liability? How about property letting? Charity Periodic Review – what's new? The guide can be found here: https://www.ird.gov.hk/eng/pdf/tax_guide_for_charities.pdf Please bring your own copy. This is a bring-your-own-lunch meeting.  This event is free to attend but, as places are limited, please register with Janet Yee beforehand. The offices of Withers 20/F Gloucester Tower The Landmark Central Hong Kong Island Hong Kong SAR China STEP Hong Kong STEP Hong Kong Europe/London public