IP Services Programme 300 Series
IP301 Profits Tax Implications and Tax Planning on IP
31 Oct 2024
0.5 Day
The course aims to equip participants with a comprehensive introduction on the Hong Kong profits tax implications and planning strategies in relation to IP. It focuses on profits tax regime, “Patent Box” incentive and “Original Grant Patent” system in Hong Kong.
Course Format: Live-streamed and physical mode
CPD:
- The Law Society of Hong Kong: 2 points
- Hong Kong Mediation Centre: 2 points
CPT:
- SFC: 2.5 points
Lecture I
31 Oct 2024 (Thu)
14:30-16:00
Live-streamed and physical mode (Participants can attend on-site lectures or attend Webinar via Zoom)
(5min Q&A included)
Topic: Navigating Hong Kong's IP Tax Landscape: From Profits Tax Regime to “Patent Box” Incentive
- General introduction to the profits tax regime in Hong Kong
- Taxability of IP income in Hong Kong
- IP and R&D deduction regime and the relevant anti-avoidance tax provisions in Hong Kong
- "Patent Box" tax incentive in Hong Kong
Speaker: Mr. Ricky Chow & Ms. Candice Mak
Lecture II
31 Oct 2024 (Thu)
16:15-17:00
Live-streamed and physical mode (Participants can attend on-site lectures or attend Webinar via Zoom)
(5min Q&A included)
Topic: “Patent Box” Incentive and “Original Grant Patent” (OGP) System
- Policy objective
- Main features of “Patent Box” incentive
- Eligible IPs
- Local registration requirement
- Other administrative matters - OGP System
- Patentability
- Application procedures
- Advantages of the OGP system
Speaker: Mr. Joseph Yeung
Mr. Ricky Chow
Ricky is a tax partner with PricewaterhouseCoopers Hong Kong. Over the last 19 years, Ricky has been focusing on providing various kinds of Hong Kong and international tax consultation advice as well as involvement in tax planning, tax structuring work, tax due diligence and IPO projects for companies with cross-border transactions. He is also involved in many business advisory projects including the set up of tax efficient corporate holding and operational structures.
Ricky serves a wide range of clients including multi-national corporations and PRC enterprises. He is familiar with the tax issues encountered by these entities in running their businesses in Hong Kong and possesses extensive experience in handling tax dispute resolution with the Hong Kong Inland Revenue Department.
Ricky also acted as the frequent speaker in various seminars and contributed articles in various tax journals to share his insights on how the tax development can impact the business communities in Hong Kong.
Ricky obtained his Bachelor of Business Administration in Professional Accountancy degree from The Chinese University of Hong Kong. He is a member of The Hong Kong Institute of Certified Public Accountants and the Taxation Institute of Hong Kong.
Ms. Candice Mak
Candice is a Senior Tax Manager of PwC Hong Kong with more than 10 years of experience in both the professional and public sectors. At PwC, she has extensive experience in providing corporate tax compliance and business consulting services, including offshore claims, capital gain claims, tax treaty benefits, tax planning for cross-border transactions and group restructuring, etc.
Candice also served in the Hong Kong Inland Revenue Department (IRD) for 4 years in both Unit 1 (Profits Tax Section) and Unit 2 (Salaries Tax Section), which has provided her with comprehensive knowledge of the IRD‘s practices and procedures. This diverse background equips her to effectively resolve clients’ tax disputes with the IRD from multiple angles. Recently, Candice has achieved successful resolutions for multiple long-standing dispute cases with the Large Business Office of the IRD. Additionally, she played a crucial role in helping a client secure the very first positive advance ruling case on the Hong Kong family office tax concession regime.
Candice graduated from the Chinese University of Hong Kong with a bachelor’s degree in Professional Accountancy, and she also holds a Bachelor of Laws (LLB) degree at the University of London. She is a Member of the Hong Kong Institute of Certified Public Accountants.
Mr. Joseph Yeung
Mr. Joseph Yeung is a Senior Solicitor of the Intellectual Property Department (IPD). Mr. Yeung is currently in the Advisory Team of the IPD. His main duties include assisting the team on providing legal advice to other government bureaux and departments, conducting works relating to initiatives for developing Hong Kong into a regional IP trading centre, and conducting works relating to international and regional IP matters. Prior to joining the IPD, Mr. Yeung was an IP practitioner and a solicitor in private practice.
Target Audience
Entrepreneurs, IP owners and executives of local startups/ SMEs, particularly those in the I&T sector
Course Structure
The 1-day course consists of 2 lectures, total 2.5 hours
Venue
Room 1006, 10/F, VTC Tower, 27 Wood Road, Wan Chai, Hong Kong
Course Format
Live-streamed and physical mode (Participants can attend on-site lectures or attend Webinar via Zoom)
Language
Cantonese, supplemented with English terms
Award
Participants will receive a certificate awarded by the organiser upon completion of the entire course (2 lectures).
Fee
Free for members of "IP Manager Scheme PLUS"; $100 for non-members
Registration
Priority in registration for the course will be given to enterprise which joined the “IP Manager Scheme PLUS”.
The organiser reserves the final rights to change the course details and arrangements.
CPD
- This training course is registered as a CPD course of the Law Society of Hong Kong (2 points).
- This training course is registered as a CPD course of the Hong Kong Mediation Centre (2 points).
Participants are reminded that attendance at all sessions and days of a CPD course of one or more days in duration is necessary in order to obtain CPD points. No CPD points will be awarded for partial attendance.
CPT
- This training course contains 2.5 SFC CPT hours. Individual employers may have their own guidelines regarding the recognition of relevant CPD / CPT hours of a course. Applicants may consult their employers about the recognition criteria where necessary.
Enquiry Hotline: (852) 2836 1380
Enquiry Email: ipmtp@vtc.edu.hk
Implementation Partner: