Kpmg Unveils Hong Kong Fund Tax Overhaul, 0% Tax Rate on Carried Interest Today

Kpmg today released its latest Hong Kong Asset Management and Private Equity Outlook report, stating that reforms to the fund exemption system and carried interest tax relief framework will attract global asset management firms to Hong Kong. Under the new framework, qualified carried interest and performance fees will enjoy a 0% effective tax rate at both corporate and individual employee levels for eligible personnel stationed in Hong Kong.
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