Sarah Lau

Tax Compliance:

• Ensure compliance with Hong Kong Profits Tax and Transfer Pricing regulations by conducting thorough data selection and analysis, to ensure completeness and accuracy in the preparation of Profits Tax Returns, Local Files and Country-by-Country Reporting notifications,.
• Provide strategic tax advisory support for new business initiatives, product developments, and potential transactions, ensuring alignment with evolving tax regulations and best practices.
• Lead the Pillar Two BEPS 2.0 project by preparing workflows, monitoring progress, and coordinating efforts with in-scope Hong Kong entities, tax advisors, and the Head Office to ensure effective implementation.
• Collaborate with external tax advisors and the Hong Kong Inland Revenue Department to address compliance matters and navigate regulatory changes.

Financial Reporting:

• Prepare comprehensive financial reports for management to facilitate informed decision-making and strategic planning.
• Generate quarterly financial reports for submission to the Head Office, ensuring compliance with both JGAAP and USGAAP to accurately reflect the company’s financial status and support organizational strategy.
• Oversee initiatives to transition financial reporting practices to IFRS, ensuring alignment with global standards.

Collaboration and Process Improvement:

• Foster effective communication with internal business units to gather critical data and insights, enhancing cross-departmental collaboration.
• Continuously refine working templates and documentation processes to streamline workflows, driving efficiency and effectiveness in tax compliance and financial reporting.
  

Hong Kong Profits Tax:

• Handled tax compliance work including preparation of Hong Kong profits tax returns, conducting tax reviews, and applying for Certificates of Resident Status for substantial multinational corporations.
• Assessed corporate client’s performance and business plans to provide strategic advice on business restructuring options and their associated tax implications.
• Reviewed financial reports to accurately determine taxation obligations and compliance requirements.
• Identified impactful tax regulations and assisted clients to incorporate changes for complying with new requirements.