Revised forms for application for certificate of resident status by company / partnership / trust / body of persons on or after 1 February 2015
With effect from 1 February 2015, application for certificate of resident status under comprehensive arrangement / agreements for the avoidance of double taxation (“DTA”) by a company / partnership / trust / body of persons has to be made on the following revised application forms:
IR1313A (1/2015) - for the DTA with the Mainland of China
IR1313B (1/2015) - for the DTAs with other jurisdictions
The same form applies no matter whether the above applicant was incorporated / established in or outside Hong Kong. These revised forms can be downloaded here.
The Stamp Duty (Amendment) (No. 2) Ordinance 2014 (“the Amendment Ordinance”) was published in the gazette on 25 July 2014. The law has retrospective effect from 23 February 2013 (“Effective Date”). The Amendment Ordinance increases the Ad Valorem Stamp Duty (“AVD”) rates on certain transactions for both residential and non-residential properties. Unless specifically exempted or otherwise provided, all instruments executed on or after the Effective Date and chargeable with AVD will be subject to higher (Scale 1) rates. The Stamp Office Interpretation and Practice Notes No. 8 (Ad Valorem Stamp Duty) is issued to set out how the Department will apply the provisions in relation to AVD and explains the Department’s practices in connection therewith.
(October 30, 2014)
SOIPN 1 (Revised)
The Stamp Duty (Amendment) Ordinance 2010 came into effect on 1 April 2010 to cancel the arrangement for the deferral of payment of stamp duty chargeable on agreements for sale of residential property with consideration over $20 million. The stamp duty deferral arrangement for other agreements for sale of residential property with consideration at $20 million or below was cancelled by the Stamp Duty (Amendment) Ordinance 2011 on 30 June 2011. The Stamp Duty (Amendment) (No. 2) Ordinance 2014 (“the 2014 Amendment Ordinance”) was published in the Gazette on 25 July 2014, which has a retrospective effect from 23 February 2013. The 2014 Amendment Ordinance advances the timing for charging ad valorem stamp duty on non-residential property transactions from the conveyance on sale to the agreement for sale. The SOIPN 1 (revised) was updated to reflect these changes.