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

March 17, 2021

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HKEX tumble by 8.8%, could precipitate a dialogue between taxpayers and the government over intermediary exemptions and outdated administrative requirements.

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News Hong Kong SAR Indirect Tax ITR Magazine Spring 2021 Asia-Pacific

Alice Jones

Commercial Editor ITR

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.

Danish Mehboob

Senior Reporter ITR

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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