On 15 May 2020, the Hong Kong Inland Revenue Department issued a release on the amendment of the Stamp Duty Ordinance to lower transaction costs for primary market ETF activities.

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The Government published the Stamp Duty Ordinance (Amendment of Schedule 8) Regulation 2020 (Regulation) in the Gazette today (May 15).

The Regulation seeks to amend Schedule 8 to the Stamp Duty Ordinance (Cap…