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Ernst & Young: The Hong Kong government may consider optimizing the current fund profits tax exemption regulations and extending it to cover virtual

CointimeCointime2024/02/21 02:32
By:Cointime

Ernest Young Taxation and Consulting Limited's financial services Hong Kong tax partner, Lin Junming, wrote an article in the Hong Kong Economic Daily "Tax incentives to attract capital to consolidate Hong Kong's international financial center status". He pointed out that the Hong Kong government could consider optimizing the Hong Kong fund capital gains tax exemption regulations to cover virtual asset funds, in line with Hong Kong's policy direction for developing virtual assets and cryptocurrencies. Currently, the virtual asset market, including cryptocurrencies, is constantly developing and expanding into mainstream finance. There are already virtual asset trading platforms licensed by the Hong Kong Securities and Futures Commission to provide services to retail investors, and multiple virtual asset futures exchanges trading funds (virtual asset futures ETFs). The Securities and Futures Commission is ready to accept applications for virtual asset spot trading exchanges to trade funds (virtual asset spot ETFs), which will undoubtedly promote the development of the virtual asset fund market.

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