Hong Kong Gives Funds Tax Concession to Bolster Finance Center
- Private equity funds to get tax relief on carried interest
- Measure may boost Hong Kong’s fund management sector
This article is for subscribers only.
Hong Kong passed a tax concession bill for funds to bolster its competitiveness as an investment management hub.
The Hong Kong Legislative Council approved a bill on Wednesday granting tax concessions for carried interest distributed by private equity funds operating in the city. The relief also applies to related remuneration paid to employees of such firms.