Hong Kong SAR

New legislation enacted

The following pieces of legislation were enacted in the past 12 months:

• The Inland Revenue (Amendment) (Automatic Exchange of Information) Ordinance 2026 was gazetted on 26 June 2026 to implement an enhanced administrative framework for automatic exchange of tax information under the Common Reporting Standard with effect from 1 January 2027.
• The Stamp Duty (Amendment) Ordinance 2026 was gazetted on 29 May 2026 to adjust the ad valorem stamp duty chargeable on a conveyance on sale or an agreement for sale of residential property, with retrospective effect from 26 February 2026.
• The Inland Revenue (Amendment) (Tax Concessions, Concessionary Deductions and Allowances) Ordinance 2026 was gazetted on 22 May 2026 to give effect to a 100% reduction of profits tax for the year of assessment 2025/26, subject to a cap of 3,000 Hong Kong dollars (HKD).