Hong Kong government considers tax exemption for investment income in the cryptocurrency field such as private equity funds

On November 28, the Hong Kong government is considering implementing a tax exemption policy for investment income in the cryptocurrency field of private equity funds, hedge funds and super-rich individuals.

According to the proposal, in addition to existing private equity funds and hedge funds, the government also plans to expand the tax exemption scope to investment tools such as private credit, overseas real estate and carbon credits. At present, the Hong Kong government has launched a six-week public consultation period to collect opinions and suggestions from all walks of life on this policy.