March 18 2021

COVID-19 Pandemic: Hong Kong Passes Abolishment of Doubled Ad Valorem Stamp Duty on Non-Residential Properties

Source: IBFD Tax Research Platform News

On 17 March 2021, the Hong Kong Legislative Council passed the Stamp Duty (Amendment) Bill 2020 to give effect to the proposal to abolish the doubled ad valorem stamp duty on non-residential property transactions with effect from 26 November 2020 as announced in the 2020 Policy Address.