October 2023 - Stamp Duty Changes in the Policy Address 2023
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Stamp Duty Changes in the Policy Address 2023
Chief Executive Mr John Lee presented his Policy Address 2023 to the Legislative Council on 25 October 2023. Mr Lee considered a vibrant stock market is vital for upholding Hong Kong’s status as an international financial centre and maintaining our competitiveness.
In line with the recommendation submitted by the Task Force on Enhancing Stock Market Liquidity, amongst other measures, Mr Lee decided to reduce the stamp duty on Hong Kong stock transfer from 0.13% to 0.1% of the consideration or value of each transaction payable by buyers and sellers respectively. He expected the legislative procedures would be completed by the end of November.
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