On 22 January 2018, the Financial Services and the Treasury Bureau (FSTB) proposed amendments to the Inland Revenue (Amendment) (No. 4) Bill (the Bill), which was introduced by the Hong Kong SAR Government in June 2017 to provide profits tax exemption to privately offered Hong Kong open-ended fund companies (OFCs). This news flash summarises the proposed amendments and its impact on market players.
Puay Khoon Lee
Partner, PwC China
Tel: + 2289 3828
Transfer Pricing Director, PwC China
Tel: + 2289 3508