Tax Seminar: Advance Rulings – Decline and Fall?

Deacons is pleased to host a practical, incisive, and strategic seminar on Advance Ruling applications.

Advance Ruling applications are submissions made to the IRD asking it to decide how tax law will apply to the specified arrangement or transaction. In this way, applicants can seek IRD ‘clearance’ on a question of tax law. A favourable ruling can provide applicants with legal certainty and comfort on the Hong Kong tax implications of a structure before it is implemented and so manage the risk of future disputes with the IRD.

But for all its elegance and simplicity, the Advance Ruling regime hides traps and pitfalls for the unwary and the unprepared.

Drawing upon Deacons’ extensive experience with Advance Rulings, we will: