Hong Kong Plans Tax Cuts for Top Investment Managers
Hong Kong is considering waiving taxes on performance-linked bonuses to attract investment talent and compete with global financial hubs. The proposed legislation could be backdated to April 2025 and aims to reinforce the city's status as a premier wealth management center.
Xurve View
Xurve View
Hong Kong plans to waive taxes on fund manager performance bonuses, currently capped at 17%, to attract global investment talent. The reform would make the city the first major Asian financial hub to offer such individual tax breaks. Eliminating taxes on carried interest incentivizes star portfolio managers and family offices to relocate from rival jurisdictions.
