Offshore Private Equity Funds to qualify for exem... | KPMG | CN

Offshore Private Equity Funds to qualify for exemption

Offshore Private Equity Funds to qualify for exem...

Hong Kong Tax Alert - Issue 7, March 2013

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The 2013-14 Budget set in motion two important developments for the funds industry in Hong Kong. For the Private Equity (PE) industry, the Government announced its intention to amend the current offshore fund exemption to PE Funds so that they qualify for the same tax exemption as other offshore funds. To the broader funds sector, the Government will also review the legal, tax and regulatory framework to allow Open-ended Investment Companies to be domiciled in Hong Kong.   

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