This article focuses on a proposal issued by the Financial Services and the Treasury Bureau (FSTB) of the government of Hong Kong in August 2020. The FTSB also released another proposal in December 2020 which addressed the comments and feedback from the industry and Hong Kong government responses to the August 2020 proposal.
This piece provides an outline and a holistic overview of the requirements of the two proposals, in addition to providing King & Wood Mallesons’ perspective on the proposed carried interest tax concession regime that the December proposal described.
Authors: Jingjing Jiang, Partner, and Cindy Shek, Partner, King & Wood Mallesons
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Region:
Hong Kong
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