6 September 2022 - Charities and NGOs - Bookkeeping and tax considerations

Sep 6, 2022

With evolving social environment resulting in new service needs, charities should set up or update their bookkeeping and accounting systems to fit their latest mode of operations. This is important not only for meeting the latest accounting standards but also for satisfying the different reporting requirements of various sponsors and Government departments. Meanwhile, the Inland Revenue Department’s (“IRD”) practice in review charities’ tax exemption status is evolving. A tax-exempt charity is not automatically exempt from tax for all its income, so it should pay attention to its tax obligations.

In view of the above, charities should ensure that their accounting and tax policies are up-to-date to prepare for reporting to / reviews by their sponsors and /or Government departments.

Event Details:

Date : 6 September 2022 (Tuesday)

Time : 7:00 pm – 8:30 pm

Channel : Webinar

Fee : $100 for AWAHK members; $150 for non-members

CPD : 1.5 hours

Language: Cantonese

Speakers' Profiles :

Karen Au, Partner, PwC Tax Controversy Services Team

Karen is a Partner at PwC Hong Kong. She has over 17 years of experience in assisting clients in resolving Tax Controversy cases with the IRD and focusing on tax audit and investigation. She has been providing HK tax and business advisory to charitable organizations (including education and religious NGOs), global MNCs, listed companies and SME clients. Karen is the Council Member and Chairman of Taxation Committee of AWAHK.

Renee Poon, Senior Manager, PwC Tax Controversy Services Team

Renee has more than 16 years of assurance and accounting experiences in PwC HK. Prior to joining the A&P team, Renee has substantial experience in the Assurance practice, managing audits and review the internal control of NGO and MNC. She also has commercial experience in China real estate development listed company. In A&P, she has significant experience in servicing clients requiring business process outsourcing. Renee has provided bookkeeping, payment processing, accounting system set up, accounting advisory and internal control review services to local and MNC clients in both private and public sectors. She is familiar with different accounting systems, e.g. Xero, MYOB, Quickbooks and Turbo, etc.

Felix Tsang, Senior Manager, PwC Tax Controversy Services Team

Felix has over 15 years of experience in resolving Hong Kong tax audits and tax disputes for multinational and local clients in different industries e.g. manufacturing, services and fund management, and for charities from various fields including academic, religious, social, etc. He also has ample experience in providing practical tax advice from a dispute.

To register: Please click here