Carried interest tax concessions for private equity fund operators in Hong Kong enacted as law, retrospective effect from April 2020
By EsqSocial Corporation 13/05/21
As long awaited by the Hong Kong private equity funds industry, the Inland Revenue (Amendment) (Tax Concessions for Carried Interest) Ordinance 2021 (the Amendment Ordinance) became law on 7 May 2021. The concessionary tax treatment will take retrospective effect applying to eligible carried interest received by or accrued to qualifying persons on or after 1 April 2020....
By: Dentons