Executive summary
Hong Kong enacted the Inland Revenue (Amendment) (Tax Concessions for Carried Interest) Bill 2021 (the New Law) on 7 May 2021.1 The New Law provides a tax regime offering tax incentives for eligible carried interest of qualifying persons and qualifying employees. The New Law applies to eligible carried interest received or accrued on or after 1 April 2020.
This Alert summarizes the key provisions of the tax regime.
Detailed discussion
The New Law provides that eligible carried…