Hong Kong SAR

New legislation enacted

The following legislation was enacted in the past 12 months:

• 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 (i) a 100% reduction of salaries tax and tax under personal assessment for the year of assessment 2025/26, subject to a cap of 3,000 Hong Kong dollars (HKD), (ii) increases in certain personal allowances and the deduction ceiling for elderly residential care expenses starting from the year of assessment 2026/27, and (iii) an extension of the claim period for additional child allowance for newborns from one year to two years, with effect from the year of assessment 2026/27.