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Hong Kong stamp duty hike offers a chance to reduce compliance burden

Alice Jones, 
Danish Mehboob
March 17, 2021
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Tax professionals said that the stamp duty increase will not materially damage Hong Kong SAR's position as Asia's leading financial market

The unexpected 30% stamp duty rate increase on stock transfers, which saw shares on the main stock exchange HKEX tumble by 8.8%, could precipitate a dialogue between taxpayers and the government over intermediary exemptions and outdated administrative requirements.

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NewsHong Kong SARIndirect TaxITR MagazineSpring 2021Asia-PacificAsia-Pacific
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Alice Jones
Commercial Editor ITR
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Alice is an editor of commercial content across Euromoney brands including International Tax Review (ITR), Managing IP (MIP), and International Financial Law Review (IFLR). She joined the commercial team in March 2022 after working as a journalist for ITR.
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Danish Mehboob
Senior Reporter ITR
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Danish reports on all matters of direct tax and BEPS. He covers a range of tax issues in these areas and what multinationals are doing to manage the tax burdens. Danish also specialises in tax technology and data management.
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