Private equity

Private Equity Tax News Flash 

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Jul 2015

Profits tax exemption for offshore funds extended to private equity funds - law enacted


The Hong Kong Government gazetted the Inland Revenue (Amendment) (No. 2) Ordinance 2015 (the Ordinance) on 17 July 2015, extending the profits tax exemption for offshore funds to private equity (PE) funds. The Ordinance will take retrospective effect, applying in respect of tax chargeable for any year of assessment commencing on or after 1 April 2015.
Contacts
Florence Yip
Asia Pacific Asset and Wealth Management Group Tax
Hong Kong
Tel: +[852] 2289 1833 Email
KK So
Asia Pacific Real Estate Tax Leader
Hong Kong
Tel: +[852] 2289 3789 Email
Rex Ho
Partner
Hong Kong
Tel: +[852] 2289 3026 Email
Phillip Mak
Partner
Hong Kong
Tel: +[852] 2289 3503 Email
David Kan
Partner
Hong Kong
Tel: +[852] 2289 3502 Email