offshore fund rivate equity fund profits tax exemption HKWJ Tax Law

Profits Tax Exemption to Offshore Funds from Private Equity Funds

In order to further develop the asset management and the related service industries, the Hong Kong Government on 17 July 2015 published in the Gazette, the Inland Revenue (Amendment) (No. 2) Ordinance 2015 (‘Amendment Ordinance’), under which the profits tax exemption for offshore funds shall be extended to private equity funds. Pursuant to the Amendment […]

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Two-Tiered Profits Tax Rates in Hong Kong

Recently, a new main feature of the Hong Kong has system has been introduced. It is a tax incentive called the two-tiered profits tax rates. The two-tiered profits tax rates regime applies to corporations and unincorporated businesses (i.e. sole proprietorship and partnership businesses) by lowering the tax rates for the first HKD 2 million of […]

Tax Deductions, Allowances & Incentives in Hong Kong

Hong Kong tax system adopts low tax rates and is relatively straightforward and features certain types of tax deductions. Further, Hong Kong does not impose value added taxes or goods and services taxes. Under the Hong Kong Inland Revenue Ordinance (“IRO”), there are however three types of taxes charged: Property Tax, which is charged on […]

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