How the latest OECD’s BEPS 2.0 Pillar Two rules will impact businesses in Hong Kong

11:45 – 13:00, 27 January 2022

11:45 – 13:00, 27 January 2022

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11:45 – 13:00, 27 January 2022

The OECD’s BEPS 2.0 initiatives will reshape the global tax landscape and could have a wide range of implications for large multinational enterprise groups.  

In less than 12 months, significant changes are expected to be made to Hong Kong’s tax system as a result of the OECD’s BEPS 2.0 initiatives and the inclusion of Hong Kong SAR in the EU’s tax ‘grey-list’. The process of managing the impact of BEP 2.0 will be challenging and tax leaders will need to move quickly to assess the potential impact of these changes and what changes will need to be made to comply with the rules.

At this live discussion we will explore how the latest OECD’s BEPS 2.0 Pillar 2 rules may affect businesses in Hong Kong and the key areas for consideration. Key topics that will be discussed include: 

  • The potential impact for groups with tax losses and timing differences;
  • The potential impact on accounting disclosures;
  • Key considerations for certain industries such as shipping and real-estate;
  • What actions affected businesses in Hong Kong can take to prepare themselves for the upcoming changes including managing data collection; and
  • The potential responses from the Hong Kong SAR Government as a result of the latest BEPS 2.0 developments and the inclusion of Hong Kong SAR in the EU’s “tax grey-list.
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