Hong Kong’s Carried Interest Tax Concession – Zero % Tax!
By EsqSocial Corporation 19/05/21
Following the enactment last year of the Limited Partnership Fund Ordinance, which has seen strong take up in its first eight months of operation, the new tax concession on carried interest earned from the activities of private equity funds which was proposed by the Hong Kong Government in 2020, has now been introduced. The Inland Revenue (Amendment) (Tax Concessions for Carried Interest) Ordinance 2021 (“Ordinance”) was enacted into law on 7 May, 2021, by way of amendment to the Inland Revenue...
By: Proskauer Rose LLP