KPMG: Hong Kong Fund Tax Regime Undergoes Major Reform, Will Attract Global Asset Management Companies to Establish a Presence

KPMG today released the latest "Hong Kong Asset Management and Private Equity Outlook" report, noting that reforms to the Hong Kong market's fund tax exemption regime and carried interest tax concession regime are expected to attract a new wave of regional and global asset management companies to establish a presence in Hong Kong. Under the new regime, eligible carried interest and performance fees will enjoy an effective tax rate of 0%, whether at the corporate level or at the individual level of employees stationed in Hong Kong.