HKPEFA | PwC [Invitation] Keeping up with developments - Considerations for the Private Equity (PE) industry – Tax and PIPL
Date: 24 February 2022 (Thursday)
Time: 12:45pm – 2:00pm HKT
Format: Virtual - ZOOM
Language: English
The role of tax and the complexity around tax changes in the global business environment is constantly in the spotlight. When making an investment and/or running an asset management operation, tax implications are always one of the key aspects to consider. Our industry experts will provide an update on the latest tax issues and recent developments from Hong Kong, Mainland China, and United States that are relevant to the asset and wealth management industry.
Furthermore, China now has put in place the key laws for cybersecurity and data privacy, which prescribe new requirements. Companies inside and outside of China have been rushing to comply. One reason for the rush is that the penalties are hefty, including a fine of 5% of turnover of the previous year as well as personal liability for non-compliance. The regulator continues to be very proactive in enforcement activities while companies have already been penalized for non-compliance.
In our tailored sharing session for the members of the Hong Kong Private Equity Finance Association (HKPEFA), we will cover the following topics that are impacting the private equity fund houses:
- Practical issues of the carried interest concession regime
- Proposed changes of the Hong Kong offshore taxation regime
- Impact of BEPS 2.0 Pillar 2 on PE funds
- QFI tax updates
- QFLP and QDLP tax updates
- SPAC tax updates
- Washington Economic nexus issue
- US FTC regulations-Indirect share transfers
- Additional US federal tax compliance forms-Schedule K-2/K-3
- Personal Information Protection Law (PIPL)
