Webinar event: RSM Academy 2020

This event has finished.

17, 18 &19 November 2020 2:30 p.m. - 3:30 p.m. & 20 November 2020 2:30 p.m. - 4:30 p.m.

Latest Developments on China and Hong Kong Taxation, Incremental Borrowing Rate AND Sale and Purchase Agreement


Target audience

CEOs, CFOs, business development executives, and any professionals with responsibility dealing with tax and transactions issues.

Event details

Date & Time:

Module I - PRC taxation updates
17 November 2020 (Tuesday)
2:30 p.m. - 3:30 p.m.

Module II - Business opportunities and unique tax incentives in Hainan Free Trade Port
18 November 2019 (Wednesday)
2:30 p.m. - 3:30 p.m.

Module III - Latest development of transfer pricing in Hong Kong
19 November 2020 (Thursday)
2:30 p.m. - 3:30 p.m.

Module IV - Incremental Borrowing Rate: Measurement and implementation review &
Sale and purchase agreement considerations  

20 November 2020 (Friday)
2:30 p.m. - 4:30 p.m.

Registration: Register Here
Registration deadline: 16 November 2020
Language: Cantonese
CPD hours:

5 CPD hours in total
[1 CPD hour for Module I, II, III respectively; 2 CPD hours for Module IV]

Fees HKD$250 per Module

RSM Hong Kong

Note: The organiser reserve the right to change the date and programme due to circumstances beyond our control.


Module highlights and experienced speakers


PRC taxation updates

1.  Permanent Establishment and Residency issues due to COVID-19
2. ​Development of PRC Individual Income Tax policy on the foreign income of
     Resident Individual located in overseas

Mr. Alan Chow
Director, Tax Services
RSM Hong Kong 

Alan is specialised in international tax and business advisory services, in particular PRC and Hong Kong tax advisory services.  He is experienced in handling cross-border tax advisory services such as cross-border investment structure, tax due diligence and transfer pricing to private and listed groups in various sectors.


Business opportunities and unique tax incentives in Hainan Free Trade Port

1.  National objectives and business plans for Hainan Free Trade Port (“FTP”)
2. Cooperation between FTP and Greater Bay Area (“GBA”), especially for ASEAN markets
3. Most suitable businesses in/via FTP
4. Unique tax incentives and systems in FTP, and key differences with those available in GBA
     or Free Trade Zones of mainland China

Mr. Caesar Wong
Managing Director, China Business Services
RSM Hong Kong 

Caesar was seconded to Shanghai in 1994, and relocated to Guangzhou to witness the milestone developments of China’s free trade zones.  Caesar specialties include tax risk mitigation, tax controversy solutions, direct investment advisory, government services as well as transfer pricing, M&A and IPO tax advisory services. Caesar supports policy drafting and speaks at international conferences, consultation meetings, and trainings to government officials and tax practitioners in Hong Kong and mainland China.


Latest Development of Transfer Pricing in Hong Kong

1.  Concept of arm’s length principle
2. Guidance on handling the latest Form IR1475
     (Transfer Pricing Documentation – Master File and Local File)
3. Approaching high transfer pricing risk transactions

Ms. Lilian Poon
Partner, Tax Services
RSM Hong Kong

Lilian has extensive experience in advising tax efficient investment and operation structures, corporate restructurings, tax due diligences, tax rulings, and represents clients in tax disputes and investigation cases.  Lilian is an active speaker on Hong Kong taxation and related areas with various professional and commercial bodies.


PART 1 - Incremental Borrowing Rate: Measurement and implementation review

1.  Understand the background and basic accounting requirements of IBR model
     for the lease asset and lease liability measurement
2. Learn the key measurement inputs of IBR model:
     risk free rate, secured credit spread, time duration and loan-to-value ratio
3. Learn the key measurement models generally used for IBR model:
     banker quotation, credit spread method, property yield method and mortgage rate method
4. Comprehend the interaction between IBR and non-financial asset impairment
5. Go through some practical examples

Mr.  Noah Wong
Director, Transaction Advisory Services
RSM Hong Kong

Noah provides valuation audit and advisory services to listed and private entities in various sectors. Noah has extensive experience in providing professional services for measurement of business enterprises, business combinations, intangible assets, expected credit loss, incremental borrowing rates, financial instruments, employee share options, financial guarantees, convertible bonds and project appraisals for financial reporting, transaction support and legal support purposes. Besides, Mr. Wong has auditing exposure of large cap companies and delivers regular internal and external trainings.


PART 2 - Sale and purchase agreement considerations  ​

1.  Purchase price mechanism
2. Sellers indemnify
3. Limitation on seller’s liability
4. Seller pre-completion obligations
5. Limitations on conduct of business pending completion

Ms. Candy Kwok
Director, Transaction Advisory Services
RSM Hong Kong

Candy has extensive experience in providing transaction support services and financial advisory services to listed and private companies in various industries. She is also specialized in merger and acquisition for various sectors, including financial due diligence review, post due diligence procedures by reviewing and comment on the pro forma completion accounts, comment on the purchase consideration adjustments and indemnity / provisional clause.