Hong Kong Inland Revenue has announced the publication of a draft bill for the introduction of tax concession for carried interest distributed by eligible private equity (PE) funds operating in Hong Kong, including a 0% profits tax rate and a 100% exclusion from employment income for the calculation of salaries tax. --- Inland Revenue (Amendment) (Tax Concessions for Carried Interest) Bill 2021 gazetted The Government published the Inland Revenue (Amendment) (Tax Concessions for Carried Interest) Bill 2021 (the Bill) in the Gazette today (January 29). The Bill aims to amend the Inland Revenue Ordinance (Cap. 112) to provide tax concessions...