• Marco Zawar MBA/LLM (Tax)

Hong Kong seeks to waive stamp duty on primary market Exchange Traded Funds ("ETF") activities

Updated: May 19

The Hong Kong Inland Revenue Department (“#IRD”) on Friday, 15 May informed in a Press_Release about proposed amendments to the existing Stamp Duty Ordinance.

The reform seeks to waive the stamp duty on #ETF transactions executed by ETF market makers “in the course of allotting and redeeming ETF units listed in Hong Kong”.

The regulations are tabled for a negative vetting on May 20, 2020.

The changes will come into effect on 01 August 2020.

About the Author

Marco is a Banker, MBA (finance and accounting) and qualified lawyer (LL.M international business and tax law) with 30+ years of working experiences as business & financial market tax analyst and project manager gained leading Commercial Banking Institutions, Private Banking Institutions, Wealth Management Organisations and Financial Service Provider located in Europe and the APAC Region.

Marco is focused on advisory services and project management in the field of

  • AEoI, FATCA, EU-DAC6, OECD-CRS;

  • U.S Qualified intermediary regime (QI);

  • Withholding Tax on Capital gains and Investment Income

  • Securities transaction tax (stamp duties); and

  • Austrian, German, Hong Kong, Swiss and U.S. International Tax Law

©2019 by Marco Zawar