Hong Kong publishes legislative bill to enhance the preferential tax regimes for funds, family offices and carried interest

The proposed enhancements will be effective retrospectively starting from the year of assessment 2025/26, with key enhancements outlined in our tax alert. While the proposed enhancements are generally to be welcomed, many of the provisions of the bill are complicated. Where necessary, clients should contact their tax executive.

As a transitional administrative measure, taxpayers who are eligible for the tax exemption or concession proposed under the bill may submit their tax returns for the year of assessment 2025/26 on that basis.

Download this Hong Kong Tax Alert