April 30 2021

Hong Kong Enacts Tax Concessions for Carried Interest

Source: IBFD Tax Research Platform News

On 28 April 2021, the Legislative Council passed the Inland Revenue (Amendment) (Tax Concessions for Carried Interest) Bill 2021 that exempts from tax carried interest distributed by eligible private equity funds operating in Hong Kong. The Bill was passed on the third reading and will come into operation on the day it is published in the Gazette.