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

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tumble by 8.8%, could precipitate a dialogue between taxpayers and the government over intermediary exemptions and outdated administrative requirements.

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