The article discusses the introduction of measures to address the increasing demand for housing and meet the needs of permanent residents in Hong Kong, China. Under the Stamp Duty Ordinance, a special stamp duty (SSD) is imposed over and above the ad valorem stamp duty on residential property ...
The Stamp Duty (Amendment) (Stock Transfers) Ordinance 2023 which gives effect to the proposal in the 2023 Policy Address to reduce the rate of stamp duty on contract notes for sale or purchase of Hong Kong stock from 0.13% to 0.1% has come into operation today (i.e., 17...
As one of the 2023-24 Budget measures, theStamp Duty (Amendment) Bill 2023(Bill) which aims at easing the burden on ordinary families of purchasing their first residential properties was passed by the Legislative Council on 17 May 2023. The Bill amends the Stamp Duty Ordinance to adjust...
HONG KONG, Nov. 15 (Xinhua) -- The Legislative Council of China's Hong Kong Special Administrative Region (HKSAR) on Wednesday adopted the Stamp Duty (Amendment) (Stock Transfers) Bill 2023 after a third reading. The stamp duty will be cut from the current 0.13 percent to 0.1 percent of ...
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The Amendment Ordinance will be published in the Gazette(November 16) and come into operation on November 17.
5. Sections 4(4)(b), 46 and 63A of the Inland Revenue Ordinance will be repealed. Sections 4(4)(b) and 46 deal with matters relating to the income tax of the Commonwealth while section 63A deals with the appointment of agent for tax assessment purposes in the United Kingdom. These ...
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It is proposing to put this into a permanent law, the Stamp Duty Ordinance. Legislators, even the most populist and misguided ones who seem to think the SSD is a good idea, despite what they were told in June, should now be asking themselves why there is no expiry date on the SSD....