Dear Customer:
The Government of the Hong Kong Special Administrative Region Press Release the “Stamp Duty (Amendment) (Stock Transfers) Bill 2023” (the Bill) has been passed by the Legislative Council, confirming that the Bill, will come into effect on 17 November 2023.
Under the Bill, along with other amendments, the rate of Stamp Duty payable on contract notes for the sale or purchase of Hong Kong stocks (not being jobbing business) will be reduced from 0.13% to 0.1%, as a percentage of transaction value.
Hong Kong International Securities Limited