PwC PE Seminar - Are PE and VC firms being targeted by the IRD?
28-08-2017
Are PE and VC firms being targeted by the IRD for fund management audits? 
The Hong Kong Inland Revenue Department has conducted over 70 tax audits on the fund management business over the past few years. In the earlier years, the audits concentrated more on hedge fund managers and investment advisors. However, in recent years, PwC have seen the areas of review expand, including to some PE funds. As a leading advisor to clients on tax audits, PwC shared their experience in handling these cases, especially for PE and VC firms.