Financial Services Tax News Flash

Feb 2018

The proposed changes to the tax bill on privately offered Hong Kong open-ended fund companies

On 22 January 2018, the Financial Services and the Treasury Bureau (FSTB) proposed amendments to the Inland Revenue (Amendment) (No. 4) Bill (the Bill), which was introduced by the Hong Kong SAR Government in June 2017 to provide profits tax exemption to privately offered Hong Kong open-ended fund companies (OFCs). This news flash summarises the proposed amendments and its impact on market players.

 

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Asia Pacific Tax Leader Financial Services, Asset & Wealth Management, PwC Hong Kong

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