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Hong Kong Private Equity Funds: Carried Interest Tax Concession Tax Rate Set At Zero - Finance and Banking


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Following its proposal to introduce a concessionary tax rate for
carried interest earned from Hong Kong private equity funds, on
January 4, 2021, the Hong Kong Government announced that eligible
carried interest will be charged at a profits tax rate of 0% and
that 100% of eligible carried interest will be excluded from
employment income for the calculation of salaries tax. In this
article, we provide an overview of the latest developments. In our
earlier article, Hong Kong Private Equity Funds: Carried Interest
Tax Concession Proposal, we outline the initial proposal ....

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