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02 March 2018

Hong Kong releases 2018-19 Budget

Hong Kong released the budget proposal on February 28, for the country's tax year beginning April 1 (the Budget). The Budget includes a proposal of super tax deductions for expenditures on qualifying research and development (R&D) activities, relaxation of the proposed tax exemption to onshore privately-offered open-ended fund company (OFC), introducing a limited partnership regime for private equity funds, and extension of the tax exemption to cover debt securities among other measures.

A Global Tax Alert, attached below, provides additional details.

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Document ID: 2018-0479

 

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