Inland Revenue and Stamp Duty Legislation (Altern... | KPMG | CN

Inland Revenue and Stamp Duty Legislation (Alternative Bond Schemes) (Amendment) Bill 2012 introduced

Inland Revenue and Stamp Duty Legislation (Altern...

Hong Kong Tax Alert - Issue 3, January 2013  

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 Inland Revenue and Stamp Duty Legislation (Alternative Bond Schemes) (Amendment) Bill 2012 introduced

The Bill, which was introduced in the Legislative Council on 9 January 2013, seeks to amend the Inland Revenue Ordinance (IRO) and Stamp Duty Ordinance (SDO) to place common types of Islamic bonds on a level playing field with conventional bonds and remove a perceived impediment to the development of a Sukuk market in Hong Kong.

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