Financial Services Tax News Flash

Jun 2017

The Tax Bill on privately offered Hong Kong open-ended fund companies regime gazetted

On 23 June 2017, the Hong Kong Government published the Inland Revenue (Amendment) (No. 4) Bill 2017 (the Bill) to provide profits tax exemption to privately offered Hong Kong open-ended fund companies (OFCs). This news flash summarises the conditions an OFC would need to fulfil for the profits tax exemption under the Bill, and also highlights some areas market players should be aware of.

 

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