On 15 May 2020, the Hong Kong Inland Revenue Department issued a release on the amendment of the Stamp Duty Ordinance to lower transaction costs for primary market ETF activities.
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The Government published the Stamp Duty Ordinance (Amendment of Schedule 8) Regulation 2020 (Regulation) in the Gazette today (May 15).
The Regulation seeks to amend Schedule 8 to the Stamp Duty Ordinance (Cap. 117) to waive the stamp duty on stock transfers involving the activities of exchange traded fund (…