On 30 June 2020, the Inland Revenue Department released a Departmental Interpretation Practice Notes No. 61 (DIPN 61) to provide its interpretation with respect to the Unified Fund Exemption regime in Hong Kong.
This Hong Kong Tax Alert discusses the newly issued DIPN 61, which contains the IRD’s interpretation and practise in relation to the Unified Fund Exemption regime.
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EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
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This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.
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