What's New

Abolition of Doubled Ad Valorem Stamp Duty ("DSD") on Non-residential Property Transactions
On 25 November 2020, the Government announced that the Stamp Duty (Amendment) Bill 2020 would be introduced into the Legislative Council to abolish the DSD on non-residential property transactions, with effect from 26 November 2020 (“the Effective Date”). In respect of certain instruments dealing with non-residential property executed on and after the Effective Date, the Inland Revenue Department will revert the applicable ad valorem stamp duty rates from the rates under Part 2 of Scale 1 to the rates under Scale 2.

For details, please see Ad valorem stamp duty and the relevant FAQs and Illustrative Examples.
(November 25, 2020)
Abolition of Doubled Ad Valorem Stamp Duty on non-residential property transactions
(Press Release - November 25, 2020)
List of Qualifying Debt Instruments (as at 30 September 2020)
(November 13, 2020)
Stamp Duty statistics (October 2020)
Stamp Duty statistics (SSD / BSD / DSD) have been uploaded to the Department’s website.
(November 10, 2020)
LCQ14: Innovation and Technology Fund
(Press Release - November 4, 2020)
LCQ17: Provision of further assistance for people in need
(Press Release - November 4, 2020)
LCQ2: Regulation of online fundraising activities
(Press Release - October 28, 2020)
Orders on Comprehensive Avoidance of Double Taxation Agreements with Serbia and Georgia to be gazetted
(Press Release - October 21, 2020)
Stamp Duty statistics (September 2020)
Stamp Duty statistics (SSD / BSD / DSD) have been uploaded to the Department’s website.
(October 14, 2020)
Notify Inland Revenue Department promptly of change of address
(October 8, 2020)
Country-by-Country Return XML Schema (version 2.0) and User Guide
(October 6, 2020)
Hong Kong and Georgia enter into tax pact (with photo)
(Press Release - October 5, 2020)
Financial Account Information Return XML Schema and User Guide
(September 30, 2020)
DIPN 1 (Revised)
The Departmental Interpretation and Practice Notes No. 1 (Revised) has been updated to explain the tax principles in relation to: (a) computing assessable profits; (b) recognition of revenue from contracts with customers where HKFRS 15 applies; and (c) measurement of inventories or stock.
(September 18, 2020)
Profits Tax Treatment of Leases Where HKFRS 16 Applies
(September 17, 2020)
Inland Revenue Department will resume normal public services
(Press Release - September 11, 2020)
Circular Letter to Tax Representatives – Block Extension Scheme for Lodgement of 2019/20 Tax Returns [Extended Due Dates for ‘D’ and ‘M’ Code Returns]
(September 9, 2020)
Stamp Duty statistics (August 2020)
Stamp Duty statistics (SSD / BSD / DSD) have been uploaded to the Department’s website.
(September 9, 2020)
Latest arrangements for Inland Revenue Department's public services
(Press Release - September 4, 2020)