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Hong Kong's Carried Interest Tax Concession – Zero % Tax! | Proskauer Rose LLP


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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 Ordinance (“
IRO”). Under this new concession, eligible carried interest received or accrued on or after from 1 April, 2020 will be subject to zero percent profits tax. Individuals who have received carried interest or to whom any such sum has accrued, will also be eligible for a 100% deduction for those sums against their assessable income. ....

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Hong Kong: New developments from the SFC for the Open-ended Fund Company regime relating to customer due diligence and custodial requirements


Hong Kong: New developments from the SFC for the Open-ended Fund Company.
Hong Kong: New developments from the SFC for the Open-ended Fund Company regime relating to customer due diligence and custodial requirements
Hong Kong s Securities and Futures Commission (SFC) published a number of developments to its open-ended fund companies (OFC) regime in the last few weeks of 2020. On 23 December 2020, the SFC released both its conclusions ( Conclusions ) on the customer due diligence (CDD) requirements for OFC consultations and updated frequently asked questions (FAQ) relating to OFCs to clarify custodial requirements.
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In brief
Hong Kong’s Securities and Futures Commission (SFC) published a number of developments to its open-ended fund companies (OFC) regime in the last few weeks of 2020. On 23 December 2020, the SFC released both its conclusions (“Conclusions”) on the customer due diligence (CDD) requirements for OFC consultations and updated frequently ....

Partnership Fund Ordinance , Baker Mckenzie , Code On Fund Companies , Anti Money Laundering , Counter Terrorist Financing Ordinance , Limited Partnership Fund Ordinance , Open Ended Fund Companies , Information Checklist , கூட்டு நிதி ஆர்டிநந்ஸ் , ரொட்டி சுடுபவர் மகெந்ஸீ , குறியீடு ஆன் நிதி நிறுவனங்கள் , எதிர்ப்பு பணம் சலவை , வரையறுக்கப்பட்டவை கூட்டு நிதி ஆர்டிநந்ஸ் , தகவல் சரிபார்ப்பு பட்டியல் ,