Seminar: Tax Planning for Private Fund Managers (April 23, 2018)

Hong Kong is often viewed as a tax friendly jurisdiction for funds. Over the years, the government has made a concerted effort to maintain tax neutrality for hedge funds, private equity funds and mutual funds and unit trusts managed from Hong Kong. However, fund managers should not confuse the government's desire to exempts funds from profits tax with a desire to exempt asset managers from profits tax. Initiatives over the years show the government is concerned that asset managers do not evade profits tax. New laws intended to align Hong Kong with global efforts to combat base erosion and profit sharing ("BEPS") will amplify these initiatives and make it even more difficult for asset management groups operating in Hong Kong to minimize profits tax.

Join us for this lunchtime seminar as we review the current framework exempting the vast majority of funds from Hong Kong profits tax and the state of the law in respect of the taxation of fund managers and describe the new BEPS initiatives as they may impact the asset management industry.