In the past few years, the Inland Revenue Department (IRD) has embarked on the review of the fund management industry including hedge fund and private equity. Their work originally concentrated on the taxability of the offshore fund manager and whether the investment advisor in Hong Kong is properly remunerated. However recently IRD has also look into other areas in the fund Industry.
This course will provide a practical overview of how to handle a tax audit with special attention on the tax audit implications for offshore funds, fund managers and their employees. The speakers will share with participants their experience on how to handle those fund manager tax audits. Between the 2 speakers they have helped clients to resolve over 50 cases. Some of them did not involve any adjustment.