Government releases results of consultation on legislation for Islamic bonds (Sukuk)

Government releases results of consultation on le...

Tax alert - Issue 18, November 2012  

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Government releases results of consultation on legislation for Islamic bonds (Sukuk)

On 29 October 2012, the Hong Kong government (‘The Government’) issued the consultation conclusions on proposed amendments to the Inland Revenue Ordinance (IRO) and Stamp Duty Ordinance (SDO) to provide a taxation framework that levels the playing field between Islamic bonds and conventional bonds.

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