Hong Kong: Exemption from profits tax, private funds - KPMG Global
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Hong Kong: Exemption from profits tax proposed for private funds

Hong Kong: Exemption from profits tax, private funds

Legislation has been proposed to provide a profits tax exemption for private funds operating in Hong Kong. The proposed exemption would provide:

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  • An exemption for funds that meet certain qualifying criteria
  • An exemption for “special purpose entities” established by a qualifying fund


The broad nature of the new exemption would offer opportunities for funds with operations in Hong Kong to simplify their current operating protocols and undertake more investment-related activities in Hong Kong.

 

Read a December 2018 report prepared by the KPMG member firm in Hong Kong

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