Financial Services Tax News Flash (Mar 2018)

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Mar 2018

Tax exemption regime for privately offered Hong Kong open-ended fund companies gazetted

On 29 March 2018, the Hong Kong Government published the Inland Revenue (Amendment) (No. 2) Ordinance 2018 (the Ordinance) in the Gazette. The Ordinance amends the existing tax law by extending the profits tax exemption to privately offered Hong Kong open-ended fund companies (OFCs). 

This news flash summarises the conditions an OFC would need to fulfil for the profits tax exemption to apply and highlights some key areas market players should be aware of.

Contact us

Florence Yip
Asia Pacific Tax Leader Financial Services, Asset & Wealth Management, PwC Hong Kong
Tel: +[852] 2289 1833
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David Kan
Partner
Tel: +[852] 2289 3502
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Rex Ho
Partner
Tel: +[852] 2289 3026
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