FSTB Consultation on Proposal to Provide Tax Concession for Carried Interest

During the Financial Secretary’s 2020-21 Budget Speech, it was announced that the Government planned to provide tax concession for carried interest, subject to the fulfilment of certain conditions. Led by Financial Services and the Treasury Bureau (FSTB) with members from Inland Revenue Department, HKMA and SFC, a task force was formed to develop a proposal for the Government to provide the said concession, which would be distributed by eligible private equity funds.

PWMA responded to FSTB in support of the proposal on 4 September 2020.