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This month at the Institute (July 2023) |
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CPA Congress held successfully to inspire enterprises for the future |
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With the theme “Creating a Pathway to Advancement: Empowering Enterprises for the Future”, the CPA Congress was successfully held on 15 July to celebrate the Institute’s 50th anniversary. The event assembled overseas, Mainland China and Hong Kong business and political leaders to share valuable insights on a variety of hot topics that are relevant to enterprises. The CPA Congress attracted over 700 participants to join this highly anticipated event in the business world via online or onsite attendance.
Paul Chan Mo-po, Financial Secretary of the HKSAR Government, Shu Huihao, Director General of the Accounting Regulatory Department of the Ministry of Finance of the People's Republic of China, and Asmâa Resmouki, President of the International Federation of Accountants (IFAC) graced the event as Guests of Honour and delivered opening remarks. The three Guests of Honour joined the Institute President Loretta Fong, Vice Presidents Roy Leung and Edward Au, Chief Executive and Registrar Margaret Chan, and Chair of the 50th Anniversary Organizing Committee Stephen Law, in officiating the opening of the major event. Julia Leung, Chief Executive Officer of the Securities and Futures Commission, and Prof. KC Chan, Chairman of WeLab Bank and Senior Advisor of WeLab, delivered the two keynotes of the morning and afternoon sessions respectively. Visit the 50th anniversary website for photo highlights and read the press release for a full recap of the event. Stay tuned as we share more highlights and make the archived content available online. |
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A Plus – CPA Congress special edition |
A special edition of A Plus was published to commemorate the CPA Congress and distributed on the event day. We were honoured to feature special messages from two of the event’s Guests of Honour, Financial Secretary Paul Chan; and IFAC President Asmâa Resmouki; as well as from Keynote Speaker, Securities and Futures Commission CEO Julia Leung, who shared their congratulations and words of encouragement for the Institute on our golden jubilee. In an exclusive interview, Prof. KC Chan, also a Keynote Speaker, shared his thought on the development of FinTech in Hong Kong and the value of collaboration. The Institute’s President Loretta Fong shared a few words on the special occasion in the President's Message.
The next quarterly issue, which will be published next week, will feature exclusive coverage on the CPA Congress and the 50th Anniversary Interview Series with our next heavyweight member -- Financial Secretary Paul Chan. Stay tuned!
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Best Corporate Governance and ESG Awards 2023 |
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The Institute is proud to be launching the Best Corporate Governance and ESG Awards (Awards) 2023. The Awards reflect the importance of both good Corporate Governance (CG) and environmental, social, governance (ESG) reporting and practices for listed companies and public sector / not-for-profit organizations (PSOs), as well as for their investors and stakeholders. With the Awards, we hope to encourage companies and PSOs to achieve high standards of CG and ESG and, as far as possible, to integrate the oversight and implementation of their CG and ESG into their values, strategy and operations. Listed companies and PSOs who are looking for opportunities to be recognized by their peers and the wider market are encouraged to enter the Awards. No entry fee is required. Submit your entry by 3 August to take part in one of the most prestigious and sought-after awards in Hong Kong. |
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Institute’s participation at a panel discussion “Championing ethical leadership amid competing pressures” |
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Global Accounting Alliance (GAA) sponsored a panel discussion titled "Championing ethical leadership amid competing pressures", held by Economist Impact on 11 May. As one of the GAA member organizations, the Institute served as a part of the organizing committee, and our representative attended the event to share the latest development of Hong Kong accounting profession. Increasingly complex external pressures, generational shifts and mounting societal expectations are driving leaders of organizations to continuously evaluate internal ethics frameworks and forge new pathways to tackle ethical dilemmas. Ethics is now extending beyond a company’s legal requirements, which leads to complex definitions and varying interpretations among different companies and individuals. This initiative aims to promote ethical behavior and responsible practices among organizations, employees and stakeholders while considering their impact on society at large. Representatives from European Union, Schneider Electric, United Nations and Edelman participated in the discussion as panelists to explore the challenges and opportunities that arise from upholding business ethics for organizations globally. Watch the full panel discussion and event highlights. |
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Free workshop: Prioritizing Your Mental Health: A Workshop about Self-Care (re-run) |
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Free e-Seminar: Yellow Emperor's Canon of Internal Medicine and traditional Chinese medicine on health preservation and dietetics |
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The free workshop held recently themed “Prioritizing Your Mental Health: A Workshop about Self-Care” was met with great enthusiasm. To help more members gain a unique and valuable perspective on mental health issues, a re-run of the workshop will be held on 31 August. Through personal sharings from individuals with lived experiences of mental illnesses, the workshop aims to help break down participants’ stigma surrounding mental illness. |
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The free e-Seminar has been tailored for those interested in traditional Chinese medicine and its approach to health and well-being. The speaker shares the principles of traditional Chinese medicine, including the concept of qi (vital energy), the theory of yin and yang, and the five elements. The e-Seminar also covers topics such as the diagnosis and treatment of illnesses, the importance of preventive medicine, and the role of diet and lifestyle in maintaining health. |
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Latest offers of merchandise discounts |
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Enjoy exclusive offers and discounts from our Merchandise Discount Programme. Please present your valid HKICPA membership card upon purchase. Below are some of our latest offers: |
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Long Stay promotion – one bedroom starting from HK$43,000/month |
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Exclusive discount offer for office air disinfection services |
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Sports and recreational events |
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Sports and Recreation Night 2023 |
The Sports and Recreation Night makes its come back this year. The event will feature exciting games, performances and lucky draws. Mark your date for this fun-filled gathering on 25 August to celebrate the achievements of your fellow CPA sports stars. An early bird discount is now available. Don’t miss the limited time offer and reserve your seat now. |
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CPA Basketball Competition 2023 |
Congratulations to Team Vitality for their victory in the CPA Basketball Competition. KEUNG Shing Yip, Vanco and YU Waiting both from Team EY were the winners of the 3-point shootout game. Click to see full results and photos. |
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Activities for young members |
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Other upcoming activities |
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Snooker training courses |
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Reminder on profits tax return filing requirements |
The Inland Revenue Department (IRD) asks taxpayers to take note of the following new filing requirements when filing profits tax returns this year:
1. If taxpayers have any gross income during the basis period, they must submit a profits tax return together with all supporting documents (including financial statements and a tax computation). Small corporations and businesses with gross income not exceeding HK$2 million will no longer be permitted to file their profits tax returns without supporting documents.
2. Where appropriate, taxpayers are required to electronically file (e-file) all relevant supplementary forms and other forms to be furnished with the profits tax return under the eTAX services provided at GovHK.
Furthermore, the IRD has already enhanced the eTAX services to enable more corporations and businesses (excluding sole proprietorship businesses) to voluntarily e-file their profits tax returns, together with financial statements and tax computations, in inline eXtensible Business Reporting Language (iXBRL) format. As an alternative to paper filing of profits tax return, taxpayers are encouraged to participate in voluntary e-filing through the eTAX platform, which will also enable them to enjoy a further one-month extension of the filing deadline.
For details on the new filing requirements, please visit the IRD’s website. For enquiries on the eTAX services, you may contact the eTAX Helpdesk Hotline at 183 2011. For enquiries in relation to the use of the IRD iXBRL Data Preparation Tools, you may contact the IRD at ixbrl_reporting@ird.gov.hk or access e-Appointment to book a specific timeslot in advance. The IRD will contact you by phone at the booked timeslot.
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Recently qualified members, join the ICAEW at a special rate |
Members who qualified through the Qualification Programme in or after 2014 can apply to join the Institute of Chartered Accountants in England and Wales (ICAEW) at a special rate. Find out more about the scheme here. Enquiries: ICAEW Hong Kong office - tel. no. 3653 7015; email candice.tang@icaew.com |
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