Hong Kong Tax Alert - Issue 7, March 2013
The 2013-14 Budget set in motion two important developments for the funds industry in Hong Kong. For the Private Equity (PE) industry, the Government announced its intention to amend the current offshore fund exemption to PE Funds so that they qualify for the same tax exemption as other offshore funds. To the broader funds sector, the Government will also review the legal, tax and regulatory framework to allow Open-ended Investment Companies to be domiciled in Hong Kong.
© 2021 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in China, KPMG, a Macau partnership and KPMG, a Hong Kong partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited ("KPMG International"), a private English company limited by guarantee. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International.
For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.