CHUNG Ho Yeung, Keith

Keith is the Senior Tax Manager of the Firm. He began his career in the corporate tax department of a Big Four accounting firm, where he gained extensive experience advising major corporations on Hong Kong taxation and cross-border tax matters. He subsequently advanced to the position of Tax Manager before joining Cheng & Cheng in 2020. With more than 15 years of experience in taxation, Keith advises a diverse portfolio of listed companies, multinational enterprise (“MNE”) groups, and local corporations.

Keith holds a Bachelor of Arts with Honours in Finance, Accounting and Management from the University of Nottingham. He is a member of the Hong Kong Institute of Certified Public Accountants (HKICPA) and an Associate of The Hong Kong Chartered Governance Institute (HKCGI), recognising his professional expertise in taxation, accounting, and company secretarial practice.

Keith advises on the tax aspects of investments, M&A, group restructurings, financing, equity transactions, and Hong Kong–mainland China operations. His accounting and tax background allows him to address issues from both compliance and commercial angles, while his HKACG qualification supports assessment of governance, board approvals, disclosures, and corporate compliance.

He has been actively involved in implementing the OECD’s Pillar Two global minimum tax framework, which targets in-scope MNE groups with consolidated revenue of at least EUR 750 million and seeks to ensure a minimum 15% effective tax rate in each jurisdiction. Keith assists MNE groups with scoping, jurisdictional effective tax rate reviews, identification of top-up tax exposure, analysis of safe harbours and exclusions, and coordination of data and documentation for compliance.

Key Expertise

• Hong Kong Profits Tax, Salaries Tax, Property Tax, and Stamp Duty, including cross-border Mainland China tax applications
• Corporate tax compliance, advisory, investigations, transfer pricing, due diligence, and cross-border tax planning
• Application for Hong Kong Certificate of Resident Status, Stamp Duty Relief under Section 45 of the Stamp Duty Ordinance and Profits Tax exemption on charitable institutions under Section 88 of the Inland Revenue Ordinance
• OECD BEPS 2.0 Pillar Two: GloBE rules, HKMTT, effective tax rate calculations, safe harbours, top-up tax exposure, and reporting obligations

Professional Certifications and Affiliations

• Bachelor of Arts (Hons) (Finance, Accounting and Management) – University of Nottingham
• Certified Public Accountant (CPA)
• Chartered Secretary and Chartered Governance Professional (ACG, HKACG)
• Certified ESG Analyst (CESGA)
• Member of the Hong Kong Institute of Certified Public Accountants
• Member of the Taxation Institute of Hong Kong
• Associate of The Hong Kong Chartered Governance Institute
• Member of the Hong Kong Business Accountants Association