IRD
17/5/2023
ADJUSTMENT OF THE SCALE 2 RATES OF AVD
The Legco has passed of the Stamp Duty (Amendment) Bill 2023 (the Bill) which adjusts the value bands of Scale 2 Rates of ad valorem stamp duty (AVD)...
HKICPA
11/5/2023
HKICPA HANDBOOK UPDATE 290
Because of the changes of the Institute's responsibilities for the registration functions, the following statements are discarded.
1. Statement 1.304 Arrangements to Cover the Incapacity or Death of a Sole Practitioner.
2. Statement 1.400 Explanatory Foreword.
3. Statement 1.401 Review Procedures and Conduct of Members...
IRD
11/5/2023
RELOCATION OF INLAND REVENUE CENTRE
All office of the Inland Revenue Department will provide services at the Inland Revenue Centre at 5 Concorde Road, Kai Tak, Kowloon; The business hours and contact telephone numbers of the respective offices will remain unchanged...
CR
3/5/2023
NEW GUIDELINES ON AML/CFT
The CR has issued a new guideline for the new AML/CFT requirements effective from 1 June 2023...
AFRC
19/4/2023
HOW TO PREPARE NEXT INSPECTION
AFRC's quarterly report reminds that the inspector will evaluate the effectiveness of the practice units' systems of quality management as well as compliance with the AML/CFT requirements in 2023 inspection...
IRD
19/4/2023
TAX CONCESSION AND CHILD ALLOWANCE FOR 2023/24
The Legco has passed two proposals made in the 2023-24 Budget, including the reduction of salaries tax, tax under personal assessment and profits tax for the Y/A 2022/23 by 100 per cent, subject to a ceiling of $6,000 per case; and increasing the basic and additional child allowance $130,000 starting from the year of assessment 2023/24...
IRD
1/4/2023
NEW ERA OF TAX FILING
Corporations and businesses can file their Profits Tax returns for the year of assessment 2022/23 and attach the required supplementary forms, other forms, financial statements and tax computations electronically through eTAX...
IRD
30/3/2023
OFFICIAL OPENING OF NEW INLAND REVENUE CENTRE
Inland Revenue Centre in Kai Tak Development Area officially opens on 30 March 2023...
HKICPA
29/3/2023
HKICPA HANDBOOK UPDATE 289
1.Editorial version to the HKSQC 1, HKSQM 1&2, Auditing, Review, Other Assurance, and Related Services Pronouncements to align with the 2021 IAASB Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements and other housekeeping editorial changes.
2. PN 850 (Revised 2022) is relocated from Section 2 to Section 1 as a result of the new and revised quality management standards that are effective for engagements beginning on or after 15 December 2022...
HKICPA
20/3/2023
HKICPA HANDBOOK UPDATE 288
1. Revision to COE (Revised 2018) / COE (Revised 2022) to incorporate changes to the post-implementation review framework.
2. Section 800 in Chapter C of the COE (Revised 2018) / COE (Revised 2022) is a revised to clarify that Fellows CPA (Practising) are eligible to continue to use the designation "Fellow of Certified Public Accountants (Practising)...
IRD
20/3/2023
CIRCULAR LETTER TO TAX REPRESENTATIVES
Block extension schemes for lodging 2022/23 tax return...
IESBA
14/3/2023
NEW IESBA INTERNATIONAL CODE OF ETHICS FOR PROFESSIONAL ACCOUNTANTS (INCLUDING INTERNATIONAL INDEPENDENCE STANDARDS)
The IESBA announced that it has adopted the 2022 edition of the IESBA International Code of Ethics for Professional Accountants (including International Independence Standards). The Code will be applicable to all entities subject to ADAA's mandate for audits of financial statements for periods beginning on or after 15 December 2023...
IESBA
14/3/2023
NEW IESBA INTERNATIONAL CODE OF ETHICS FOR PROFESSIONAL ACCOUNTANTS (INCLUDING INTERNATIONAL INDEPENDENCE STANDARDS)
The IESBA announced that it has adopted the 2022 edition of the IESBA International Code of Ethics for Professional Accountants (including International Independence Standards). The Code will be applicable to all entities subject to ADAA's mandate for audits of financial statements for periods beginning on or after 15 December 2023...
IAASB
6/3/2023
IAASB DIGITAL TECHNOLOGY MARKET SCAN: DIGITAL ASSETS
A digital asset is anything that exists in digital form only, has or provides value, is identifiable and discoverable, and is associated with ownership or use rights...
AFRC
1/3/2023
OUTLINE OF THE AFRC'S INSPECTION PROCESS FOR PRACTICE UNITS OTHER THAN PIE AUDITORS
Under Part 3AA Division 2 of the AFRC Ordinance, the AFRC is empowered to carry out inspections in relation to a CPA practice unit for the purpose of determining whether the CPA practice has observed, maintained or applied PAO professional standards...
IRD
1/3/2023
INLAND REVENUE (AMENDMENT) (CHILD ALLOWANCE AND TAX CONCESSIONS) BILL 2023
The Budget has proposed one-off reductions of salaries tax, tax under personal assessment and profits tax for the year of assessment 2022/23 by 100 per cent, subject to a ceiling of $6,000 per case...
HKICPA
22/2/2023
HKICPA HANDBOOK UPDATE 287
- Preface to the Hong Kong Quality Control/Management, Auditing, Review, Other Assurance, and related services are revised... - PN 7720, PN 810.2, PN 840, PN 860.1 and PN 870 are revised as a result of the Financial Reporting Council (Amendment) Ordinance 2021...
IRD
22/2/2023
TAX MEASURSES PROPOSED IN 2023-24 BUDGET
The Financial Secretary proposed new tax measures at his proposed financial budget for 2023/24...
IRD
22/2/2023
ATTRACTING PRIVATE EQUITY FUNDS TO BE DOMICILED AND TO OPERATE IN HONG KONG
The Government is committed to providing a facilitative tax environment for the industry to attract more funds to set up and operate in Hong Kong. Funds re-domiciled to Hong Kong...
CR
22/2/2023
CONSUMPTION VOUCHER BACKED
Financial Secretary Paul Chan says the disbursements of a $5,000 electronic consumption voucher takes into account both the economic and fiscal situation...
HKICPA
6/2/2023
HKICPA HANDBOOK UPDATE 286
Updating of Preface to Hong Kong Financial Reporting Standards...
CR
27/2/2023
THE COMPANIES (AMENDMENT) ORDINANCE 2023 ("THE AMENDMENT ORDINANCE") WILL COME INTO OPERATION ON 28 APRIL 2023
The Amended HKCO seeks to modernise the Ordinance and the Model Articles to expressly cater for the scenario of companies holding fully virtual general meetings as well as hybrid general meetings...
IAASB
24/1/2023
IAASB OPENS PUBLIC CONSULTATION ON LESS COMPLEX GROUP AUDITS
Group Audits Proposed for Inclusion in the Final ISA for LCE Standard...
AFRC
23/1/2023
THE AFRC HAS PUBLISHED THE LATEST ISSUE OF QUARTERLY REPORT
The AFRC has published the latest issue of Quarterly Report (January 2023 issue) to keep our stakeholders informed of our latest developments and other noteworthy regulatory issues...
HKICPA
9/1/2023
HKICPA HANDBOOK UPDATE 285
- HKSQM 1 replaces HKSQC 1 as of 15 December 2022. - HKSQM 2 effective for other assurance and related services engagements beginning on or after 15 December 2022. - PN740 (Revised), Auditor's Letter on Continuing Connected Transactions...
IFAC
15/12/2022
TIPS ON IMPLEMENTING ISA 315 (REVISED 2019)
This implementation tool helps auditors implement the IAASB's ISA 315 (Revised 2019), "Identifying and Assessing the Risks of Material Misstatement," which is effective for audits of financial statements for periods beginning on or after December 15, 2021...
promotion@takopro.com.hk
Tako Professional Technical Limited is an innovative and forward-looking local IT company specialised in the development and marketing of SSEP Auditing System, a comprehensive auditing system tailored for local CPAs, and related products and services incorporated in 2017.
Our development team consists of certified public accountants, IT experts, and experienced auditors, so that our products, services and advices are so practical and considerable to the needs of our target customers.
Over the three years, we have accumulated a client base of more than one hundred CPA firms. In term of the number of clients, SSEP has been the second to none auditing system in Hong Kong.
SSEP Auditing System qualifies for Technology Voucher Programme (TVP) under Innovation and Technology Fund; three-quarter of purchasing costs can be subsidised by the Hong Kong Government.
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(852) 96178380
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promotion@takopro.com.hk
Tako Professional Technical Limited is an innovative and forward-looking local IT company specialised in the development and marketing of SSEP Auditing System, a comprehensive auditing system tailored for local CPAs, and related products and services incorporated in 2017.
Our development team consists of certified public accountants, IT experts, and experienced auditors, so that our products, services and advices are so practical and considerable to the needs of our target customers.
Over the three years, we have accumulated a client base of more than one hundred CPA firms. In term of the number of clients, SSEP has been the second to none auditing system in Hong Kong.
SSEP Auditing System qualifies for Technology Voucher Programme (TVP) under Innovation and Technology Fund; three-quarter of purchasing costs can be subsidised by the Hong Kong Government.
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