Asia Pacific

The Financial Secretary urged the Legislative Council to resume the second reading debate of the Stamp Duty (Amendment) (No.2) Bill 2026, emphasizing the urgency of finalising the legislative package to support Hong Kong’s economic objectives. He outlined the bill’s key provisions, including adjustments to stamp duty rates on property transactions, modifications to duty thresholds, and

During a Legislative Council session, the Financial Secretary delivered a speech proposing the third reading of the Stamp Duty (Amendment) (No.2) Bill 2026, focusing on the fiscal rationale behind the proposed changes. He explained that the amendments aim to refine the existing stamp duty structure, enhance equity, and deter speculative buying in the property market.

The Hong Kong Government issued a statement expressing welcome for the Legislative Council’s approval of the Stamp Duty (Amendment) (No.2) Bill 2026. The amendment modifies the territory’s stamp duty framework, primarily targeting property transactions and specific financial instruments to curb speculative activity and promote market stability. Key changes include adjustments to duty rates, the introduction

The Hong Kong Inland Revenue Department issued an alert urging taxpayers to remain vigilant against fraudulent emails that impersonate the bureau. The phishing campaign involves messages claiming to be official notices regarding ‘unpaid tax liabilities’ and demanding immediate submission of personal documents via embedded links. The emails often contain malicious attachments designed to install malware