Indirect tax ebook - Hong Kong

In 2006 Goods & Services Tax (GST) was proposed as a value added tax (VAT) in Hong Kong.

However after five months of debate among politicians, journalists and taxpayers, the Financial Secretary withdrew the plan in December 2006, citing lack of support.

As a result, there is no VAT or comparable tax in Hong Kong, and it unlikely that the government will try again to introduce such a tax in the foreseeable future.

Since Hong Kong is a region within the People’s Republic of China, and there may exist some misconception that the laws of Mainland China all apply in Hong Kong, we have prepared the following document. It provides a brief overview of the Hong Kong stamp and customs duties, which we believe are the only indirect taxes which may be of consequence to a visitor to this web site.

If you have any inquiries about the information in this ebook, or any other Hong Kong tax matter, please contact:

William Chan
Partner, Tax services
Grant Thornton Tax Services Limited
20th Floor, Sunning Plaza
10 Hysan Avenue, Causeway Bay
Hong Kong
Telephone (direct): +852 3987 1399
Email: William.Chan@cn.gt.com

Information about Hong Kong

Last updated April 2012

This information has been provided by Grant Thornton Hong Kong, a member firm within Grant Thornton International Ltd and is for informational purposes only. Neither Grant Thornton Hong Kong nor Grant Thornton International Ltd can guarantee the accuracy, timeliness or completeness of the data contained herein. As such, you should not act on the information without first seeking professional tax advice.
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For further information on indirect taxes in Hong Kong please contact William Chan

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