People familiar with the matter said that the Hong Kong government considers new tax regulations to provide more preferential treatment for popular alternative investment including private equity credit and infrastructure.
According to Bloomberg News on Tuesday (April 9), people familiar with the matter said that the suggestions for the consultation documents will provide tax exemption from the interest income of special purpose tools for alternative investment, including private equity credit, mixed types, mixed types, mixed types, mixed types, hybridsSecurities, real estate and infrastructure.People familiar with the matter added that the expected draft of the rules was first proposed this month.
It is reported that Hong Kong has always been a popular station in private equity and hedge fund executives and employees, but now facing competition from Dubai and other places.Although Hong Kong has launched a fund stipulated reform in recent years, including with interest tax exemptions, it is still seeking further expanding its jurisdiction and legal infrastructure to attract more asset management enterprises.
The Hong Kong government announced in this year's fiscal budget that it will further strengthen the tax preferential tax preferential system for fund, single family office and attached rights.This includes the scope of the tax discount, the type of qualified transactions, and the flexibility of increasing the processing attached transactions.
A spokesperson for Hong Kong Finance and Economics and Treasury Bureau said that they are communicating with regulatory agencies with the industry to understand their views on the proposal of budget plans, and they will timely optimize their opinions to consult their opinions in a timely manner.
