Page 4 - Practice Notes News Today

Apr 8, 2021 Our client in the financial services sector is currently searching for an experienced Actuary to join their team. Qualifications and Experience: Good knowledge in the field of life valuations and capital. Advanced knowledge of actuarial modelling tools, preferably Prophet. Sound knowledge of relevant legislation, including the Insurance Act, Prudential Standards, Solvency II, IFRS, as well as ASSA’s Advisory Practice Notes and Standards of Actuarial Practice. Please note that only...

To embed, copy and paste the code into your website or blog: Although argument week isn’t until next week, the Federal Circuit heard oral argument today in two cases. One was rescheduled from earlier this month for medical reasons. But the other, GlaxoSmithKline LLC v. Teva Pharmaceuticals USA, Inc., No. 18-1976, caught our eye because of how it came about procedurally. (It’s also super interesting substantively, but because we’re procedure nerds, we’re focusing on procedure today.) T...

Unified Funds Tax Exemption Ordinance") and sets outs intended IRD practice in administering the Unified Funds Tax Exemption which came into effect on April 1, 2019. The Unified Funds Tax Exemption The Unified Funds Tax Exemption seeks to exempt hedge funds, including OFCs and LPFs, from Hong Kong profits tax. This exemption may apply regardless of the fund structure, location of the funds central management and control, fund size or fund purpose provided that prescribed conditions are satisfie...

File and Pay File and Pay - Terms of Use These terms of use are for the File and Pay system. They help to ensure you understand how File and Pay can be used. You are being asked to agree to these terms and conditions, so please read them carefully and ensure you understand them. If you choose to accept them, these terms and conditions will form an agreement between you and the Ministry of Justice (the Ministry).  About File and Pay File and Pay will allow participants to ...

The adoption of HKFRS 15 is likely to lead to significant changes for revenue recognition The Inland Revenue Department (IRD) issued an updated guidance Departmental Interpretation and Practice Notes No. 1 (DIPN 1) on: (a) computing assessable profits; (b) revenue recognition under HKFRS 15: Revenue from Contracts with Customers; and (c) measurement of inventories or stock. The updated guidance primarily sets out the IRD’s views and assessing practice under HKFRS 15, and contains examples ill...