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Hong Kong set to approve tax incentives for alternative managers
The proposed changes would be tied to legislation expected to pass through Hong Kong’s Legislative Council soon.
Hong Kong is expected to move quickly to approve new tax incentives for alternative investment managers, with proposed legislation anticipated to pass through the Legislative Council soon, according to Hedgeweek citing a South China Morning Post report.
The plan includes tax break incentives designed for alternative managers, and the reporting attributes the timing and direction of the effort to comments from Sandy Fung, KPMG China’s partner for tax and alternative investments.
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