The Hong Kong Academy of Law organised 17 courses in January with a total of 785 participants.
One of the 17 courses was “The New China Individual Income Tax Law” held on 29 January. The China Individual Income Tax Law (“IIT”) came into effect on 1 January 2019. The course discussed the definitions of “resident” for tax purposes and China-sourced income, the six-year rule, the new IIT withholding and self-declaration systems, the additional itemised deductions and other new tax measures, the transitional arrangements and other practical considerations. The speaker was Ms. Ellen Tong, Director of Global Employer Services of Deloitte. The seminar attracted 69 participants.
Another course was the “Code of Practice for Third Party Funding of Arbitration” held on 31 January. The Department of Justice issued the Code in December 2018 which sets out the practices and standards with which third party funders are expected to comply in carrying on activities in connection with third party funding of arbitration. The course provided an overview of the new regime and the Code. The speakers were Mr. John Lee, Principal of Messrs Lee and Mr. Eric Woo, Partner of ONC Lawyers. The seminar attracted 58 participants.