Hong Kong SAR

New legislation enacted

The following legislation was enacted in the past 12 months:

• The Stamp Duty (Amendment) Ordinance 2025 was gazetted on 16 May 2025 to adjust the ad valorem stamp duty chargeable on a conveyance on sale or an agreement for sale of an immovable property, which took retrospective effect from 11 am on 26 February 2025.

• The Inland Revenue (Amendment) (Tax Concessions) Ordinance 2025 was gazetted on 9 May 2025 to give effect to the 100% reduction of salaries tax and tax under personal assessment for the year of assessment 2024/25, subject to a cap of 1,500 Hong Kong dollars (HKD).

• The Inland Revenue (Amendment) (Tax Deductions for Assisted Reproductive Service Expenses) Ordinance 2025 was gazetted on 28 February 2025 to introduce a tax deduction for assisted reproductive service expenses. The maximum deductible amount is HKD 100,000. The deduction is effective from the year of assessment 2024/25.