Hong Kong Inland Revenue has announced the publication of a draft bill for the introduction of tax concession for carried interest distributed by eligible private equity (PE) funds operating in Hong Kong, including a 0% profits tax rate and a 100% exclusion from employment income for the calculation of salaries tax.
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Inland Revenue (Amendment) (Tax Concessions for Carried Interest) Bill 2021 gazetted
The Government published the Inland Revenue (Amendment) (Tax Concessions for Carried I…