Tuesday, 20 March 2012

Hong Kong: Bill to abolish capital duty published in Gazette

The Ordinance (Amendment of Eighth Schedule) Order 2012 has been published in the Gazette: see here. Its purpose is to abolish the capital duty paid by Hong Kong companies on their incorporation (and calculated with reference to their authorised share capital). The Order will be considered by the Legislative Council tomorrow and is likely to come into force on 1 June 2012.

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