The Inland Revenue Department (IRD) has updated the procedures on application for recognition of tax exemption status under section 88 of the Inland Revenue Ordinance and has updated the Tax Guide for Charitable Institutions and Trusts of a Public Character in June 2023, which contains the interpretation and practices of the IRD towards the taxation matters of charitable organizations. The purpose of this webinar is to provide insights from governance and accountability perspectives, on the content of the tax guide for charitable organizations, in hopes of helping the organizations to prevent and manage tax controversy risks by understanding and complying with the relevant tax law.

Content outline:
– Understanding the definition of charity from the IRD’s point of view and the relevant tax rules
– Compliance procedures for charitable organizations
– IRD’s current practices and review process
– Potential tax risks and ways for mitigation

Details of the event are as follows:

Date: 29 November 2023 (Wednesday)
Time: 3:00 pm – 4:30 pm

Speaker:  Mr Wilson Cheng, Partner, Tax Leader, Hong Kong and Macau, EY

Language: Cantonese (presentation materials in English)

The webinar will be conducted online via Zoom.

Target participants: Board / Committee Members, Agency Heads, Advisors, Company Secretaries, Senior Management of HKCSS Agency Members

Interested parties please register online on or before 21 November 2023. Successful registrants will be notified by email on 22 November 2023.

For enquiries, please contact the Project team at 2876 2440.

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