carried interest tax concession

Friday, November 4, 2022 Edit

On 7 May 2021 the Inland Revenue Amendment Tax Concessions for Carried Interest. The carried interest tax concession will only apply to eligible carried interest distributed by a certified investment fund which is received by or accrued to a qualifying person or a qualifying.

Introduction Of Carried Interest Tax Concessions For Hong Kong Private Equity Funds

The legislation sets a.

. Tax Concessions on Carried Interest for Hong Kong Funds In April 2021 the Hong Kong Inland Revenue Department IRD passed the Inland Revenue Amendment Tax Concessions for. Overview of tax concession regime for qualified carried interest The Bill confirms that eligible carried interest distributions are to be taxed at a 0 rate for qualifying persons. In April 2021 the Hong Kong Inland Revenue Department IRD passed the Inland Revenue Amendment Tax Concessions for Carried Interest Bill 2021.

Under the Carried Interest Tax Concession Regime eligible carried interest will be taxed at 0 profits tax rate and all of the eligible carried interest would also be excluded from. To qualify as eligible carried interest the carried. The IRO will assess whether the carried interest that the tax concession is being claimed for is eligible carried interest.

That is where an entity that is recipient of the carried interest return pays part of the return to. The Inland Revenue Amendment Tax Concessions for Carried Interest Ordinance 2021 Ordinance was enacted into law on 7 May 2021 by way of amendment to. 11 rows As part of a longstanding Government policy to attract private equity PE and investment fund.

Tax concession rate The Proposal provides that eligible carried interest would be charged at a 0 profits tax rate such rate was kept silent under the Consultation Paper. The tax concession for a carried interest also looks through to the employees. On January 4 2021 the Hong Kong Government announced that under its latest proposal on the carried interest tax concession it would set the tax rate at 0 and that an.

As a prerequisite to the concessionary tax regime the eligible carried interest must arise from profits on the in-scope transactions3 of private equity PE funds which are exempt from. The Inland Revenue Amendment Tax Concessions for Carried Interest Ordinance 2021 Ordinance was enacted into law on 7 May 2021 by way of amendment to. The introduction of the carried interest tax concession regime under the Inland Revenue Amendment Tax Concessions for Carried Interest Ordinance 2021 was a.

Tax Concessions for Carried Interest Bill 2021 the Bill for first reading in the Legislative Council on 3 February 2021. The long-awaited Bill seeks to promote the development of private.

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