{"id":485577,"date":"2026-06-06T03:39:31","date_gmt":"2026-06-06T03:39:31","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/485577\/"},"modified":"2026-06-06T03:39:31","modified_gmt":"2026-06-06T03:39:31","slug":"hong-kongs-proposed-bonus-tax-break-for-fund-talent-set-to-sharpen-edge-over-singapore","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/485577\/","title":{"rendered":"Hong Kong\u2019s proposed bonus tax break for fund talent set to sharpen edge over Singapore"},"content":{"rendered":"

Hong Kong is set to attract top global fund managers<\/a> to relocate to the city, as they will no longer need to pay salaries tax on performance-linked bonuses if they meet certain criteria under a proposed law change to be submitted to the Legislative Council, according to industry sources and academia.<\/p>\n

At present, Singapore\u2019s general salaries tax can reach 24 per cent, the UK\u2019s up to 45 per cent and the US up to 50 per cent, while profit tax in those markets ranges between 17 and 32.5 per cent.<\/p>\n

In Hong Kong, individuals face salaries tax capped at a standard rate of 15 per cent, while companies pay corporate profits tax at 16.5 per cent.<\/p>\n

Under the plan, fund staff would be exempt from salaries tax on performance fee income, while fund houses would not need to pay profit tax on such income. The measure would take effect retroactively from April 2025, according to a government paper presented to lawmakers earlier this year.<\/p>\n

\"TheThe move will help Hong Kong retain its recently claimed title as the world\u2019s top offshore wealth management centre, according to industry experts. Photo: Jonathan Wong<\/p>\n

The proposed tax incentive would give Hong Kong the lowest tax rate worldwide for managers of hedge funds, private equity funds and venture capital funds whose income was largely driven by performance fees, the source said.<\/p>\n","protected":false},"excerpt":{"rendered":"Hong Kong is set to attract top global fund managers to relocate to the city, as they will…\n","protected":false},"author":2,"featured_media":485578,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[2228,576,15046,72,208812,23834,200,113,40229,240,208814,61,60,15105,1196,9458,10178,208813,90],"class_list":["post-485577","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-april","tag-asia","tag-britain","tag-business","tag-christine-lin","tag-christopher-hui-ching-yu","tag-dubai","tag-economy","tag-ey","tag-hong-kong","tag-hong-kong-venture-capital-and-private-equity-association","tag-ie","tag-ireland","tag-legislative-council","tag-middle-east","tag-singapore","tag-south-china-morning-post","tag-stephanie-hui","tag-us"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/485577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=485577"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/485577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/485578"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=485577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=485577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=485577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}