The tax reform bill, which the government expects will attract talent to the city, is set to be read by lawmakers on June 24
2-MIN READ2-MIN ListenEnoch YiuPublished: 5:41pm, 12 Jun 2026The Hong Kong government gazetted a bill on Friday that, if passed, would waive salary tax on fund managers’ performance-linked bonuses, so long as they meet certain requirements, in a move to introduce further tax reform to strengthen the city as a wealth management centre.The bill, which will be first read by lawmakers on June 24, may attract more fund managers and family offices to operate in the city, the government said.The measure would make Hong Kong the first major Asian financial centre to grant tax relief on performance-linked income to investment vehicles and their staff, and may attract more talent from abroad, reinforcing the city’s role as the world’s largest offshore wealth management centre, according to analysts.AdvertisementThe drafted law, titled the Inland Revenue (Amendment) (Preferential Tax Regimes for Funds, Family-owned Investment Holding Vehicles and Carried Interest) Bill 2026, would also exempt private equity fund companies and venture capital funds from paying tax on performance-linked income.
