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[Supported Event] Joint chamber webinar - Hong Kong's Proposed Foreign Source Income Exemption (FSIE) Regime

Language: English

Deadline for registration:
Thursday 25 August 2022 - 3:00 Pm

Price:
Members: 100HKD
Non-members: 200HKD

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The HKSAR Government has recently proposed a revised foreign source income exemption (FSIE) regime for passive income.

 

As a response to the European Union's concerns about Hong Kong's offshore regime for passive income, the HKSAR Government has recently proposed a revised foreign source income exemption (FSIE) regime for passive income which is expected to take effect on 1 January 2023 with no grandfathering arrangement. The HKSAR Government invited certain relevant parties and stakeholders to respond to a consultation paper by 15 July 2022.

MNCs expecting to accrue / receive Hong Kong sourced offshore passive income (i.e. interest, income from intellectual properties, dividends and disposal gains in relation to shares or equity interest) would be covered under the FSIE regime. This would be one of the most significant changes to the long-established territorial principles of the Hong Kong tax system.

In this webinar, tax experts at KPMG will provide an overview of the proposed FSIE regime, the implications thereof, as well as their views and some practical considerations regarding the next steps.

 

 

 

Terms and Conditions

For events which are free for members:
* An online registration is a confirmed booking.
* Cancellation must be notified in writing to events(@)fccihk.com at least 3 working days prior to the event, otherwise no refund will be made.
* For in-person events, no-show penalty of HK$200 will be charged for members and non-members, unless the event is cancelled by the organiser.
* By attending our events, you agree to be photographed and/or filmed and give permission to use your likeness in promotional and/or marketing materials.
* The Chamber reserves the right to cancel or postpone its events.
* Our events are closed to the media. Special coverage of Chamber events may be permitted on a case-by-case basis and only if prior permission has been sought.
* If Typhoon 8 (or above) or Black Rainstorm Signal is hoisted, all events will be cancelled.

For paid events for both members and non members:
* An online registration is a confirmed booking.
* Cancellation must be notified in writing to events(@)fccihk.com at least 3 working days prior to the event, otherwise no refund will be made.
* No-show penalty will be charged for members and non-members, unless the event is cancelled by the organiser.
* By attending our events, you agree to be photographed and/or filmed and give permission to use your likeness in promotional and/or marketing materials.
* The Chamber reserves the right to cancel or postpone its events.
* Our events are closed to the media. Special coverage of Chamber events may be permitted on a case-by-case basis and only if prior permission has been sought.
* If Typhoon 8 (or above) or Black Rainstorm Signal is hoisted, all events will be cancelled.