Tax Regimes for funds – Hong Kong and Singapore

The ACC Hong Kong Board of Directors invites you to the following presentation, hosted by:

In collaboration with EY, this session will focus on the typical fund structures and recent tax developments impacting the funds industry in Hong Kong and Singapore. Hong Kong and Singapore are well known as regional fund management hubs, and they have continued to evolve their regimes and initiatives (in terms of fund structures and tax exemption regimes) to meet the commercial needs of the industry and attract further investment.

The session will address Hong Kong vs Singapore as a fund platform location, including the recent introduction of a new Hong Kong Limited Partnership regime and the reform of the Hong Kong Open-Ended Fund Company regime; as well as the Singapore Variable Capital Company structure; and how they can be used within the fund structure. Further, the session will provide a quick overview of the recently gazetted Inland Revenue (Amendment) (Tax Concessions for Carried Interest) Bill 2021 in Hong Kong.

SPEAKERS:

Vanessa Chan
Partner, Ernst & Young Tax Services Limited, Hong Kong

Vanessa is a Hong Kong based partner in the International Tax Services team within the Asia-Pacific Financial Services Group, focusing on International tax and Hong Kong tax. She has 20 years of tax experience and has extensive in-house tax experience and expertise in regional tax management. She also has deep knowledge and understanding of fund formation and fund structuring from the Hong Kong tax perspective and extensive experience in advising funds and investors on fund formation and fund structuring of investments.

Christy Ngai
Manager, Ernst & Young Tax Services Limited, Hong Kong

Christy is a Hong Kong based manager in the International Tax Services team within the Asia-Pacific Financial Services Group, specializing in providing Hong Kong and international tax advisory services to Private Equity and Real Estate funds.

She has solid experience in advising private equity and real estate funds as regards to the fund and deal structure, tax disclosures in fund documentation and ongoing compliance requirements.