Profits Tax exemption for privately offered open-ended fund companies
Profits Tax exemption for privately offered open-end...
Hong Kong Tax Alert - Issue 14, July 2017
The Hong Kong Government has published a Bill to confer a Profits Tax exemption on Hong Kong privately offered open-ended fund companies (OFCs).
The Bill will enable asset managers to set up a privately offered fund as an OFC in Hong Kong which will not be subject to tax. This is an encouraging policy initiative to promote the asset management industry in Hong Kong, although there are some areas of uncertainty under the Bill which could impact its effectiveness.
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