Hong Kong extends profits tax exemption to resident, privately-offered open-ended fund companies

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02 April 2018

Hong Kong extends profits tax exemption to resident, privately-offered open-ended fund companies

Hong Kong's "Inland Revenue (Amendment) (No. 4) Bill 2017" (the Bill) to extend the profits tax exemption for open-ended fund companies (OFCs) became law on March 29, after being passed by the Legislative Council on March 21. The New Law removes the ring-fencing effect of the Bill and addresses identified potential tax loopholes.

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

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ATTACHMENT

Document ID: 2018-0713

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