Hong Kong tax guidance covers new income tax exemption for private equity funds

Hong Kong’s Inland Revenue Department on May 31 issued revised tax guidance to reflect changes enacted in 2015 that extend the exemption from Hong Kong income taxation for offshore funds to private equity funds.

Departmental Interpretation and Practice Notes (DIPN) 51 sets out the Department’s interpretation and practice in relation to the new tax break. DIPN 43, concerning the profits tax exemption for offshore funds, is also revised.

See:

• DIPN 51

• DIPN 43 (Revised)