HONG KONG SHIPOWNERS ASSOCIATION

香港船東會

Past Events

HKSOA & PWC Joint Seminar on shipping tax issues

23 2021

Date: Tuesday, 23 November 2021

Time: 3pm to 4.15pm - Registration (2.30pm)

Place: 21/F Edinburgh Tower, 15 Queen’s Road Central

 

OECD has published the blueprints on Pillar One and Pillar Two of BEPS 2.0 in October 2020.  The OECD Inclusive Framework on BEPS (IF) released its updated Statement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy on 8 October 2021 along with an implementation plan (“October IF Statement & Implementation Plan").  The updated statement was agreed by 136 (out of 140) member jurisdictions of the IF.  Under Pillar Two of BEPS, the IF members have agreed to enact a jurisdictional-level minimum tax system with a minimum effective tax rate of 15%.  Pillar Two of BEPS also introduced the Subject to Tax Rule (STTR) which would apply to royalties, interest, and other defined payments made from a developing country to an IF member state that applies a nominal corporate tax rate lower than a minimum STTR rate of 9%.

 

We have invited the following distinguished PwC experts to speak to us on the topic:

 

  • Agnes Wong : Tax Partner – Hong Kong tax
  • Cecilia Lee : Tax Partner – Transfer Pricing
  • Emily Chak : Tax Partner – Hong Kong tax
  • Tiffany Wu : Tax Partner – Transfer Pricing
  • Vivien Lau : Tax Partner – US tax

 

In this Seminar, they will share insights on the effect of BEPS 2.0 on shipping groups. The seminar will cover the following areas:

 

  • Introduction of overview of Pillar One and Pillar Two of BEPS 2.0 and Hong Kong’s responses to BEPS 2.0
  • Potential BEPS 2.0 implications on shipping groups
  • Way-forward for shipping groups

 

The following are the distinguished speakers from PwC In this Seminar, we will share insights on the effect of BEPS 2.0 on shipping groups. The seminar will cover the following areas:

 

  • Introduction of overview of Pillar One and Pillar Two of BEPS 2.0 and Hong Kong’s responses to BEPS 2.0
  • Potential BEPS 2.0 implications on shipping groups
  • Way-forward for shipping groups to prepare for the change under BEPS 2.0

 

Register here