Offshore funds exemption changes | KPMG | CN

Offshore funds exemption changes

Offshore funds exemption changes

Hong Kong Tax Alert - Issue 8, July 2015   The Inland Revenue (Amendment) Bill 2015 was approved by the Hong Kong Legislative Council on 13 July 2015 and is expected to be gazetted on either 17 July 2015 or 24 July 2015, following which the legislation changes will take effect. The Bill extends the profits tax exemption for offshore funds to private equity funds.  

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Offshore funds exemption changes

The Inland Revenue (Amendment) Bill 2015 was approved by the Hong Kong Legislative Council on 13 July 2015 and is expected to be gazetted on either 17 July 2015 or 24 July 2015, following which the legislation changes will take effect. The Bill extends the profits tax exemption for offshore funds to private equity funds.  

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