Financial Services Tax News Flash (March 2018)

Mar 2018

Tax exemption regime for privately offered Hong Kong open-ended fund companies gazetted

On 29 March 2018, the Hong Kong Government published the Inland Revenue (Amendment) (No. 2) Ordinance 2018 (the Ordinance) in the Gazette. The Ordinance amends the existing tax law by extending the 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 to apply and highlights some key areas market players should be aware of.

Contact us

Florence Yip

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

Tel: +[852] 2289 1833

David Kan

Partner, PwC Hong Kong

Tel: +[852] 2289 3502

Rex Ho

Hong Kong Financial Services Tax Leader, PwC Hong Kong

Tel: +[852] 2289 3026

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