According to the requirements of the Inland Revenue Department, any person who completes the sale or purchase of Hong Kong securities is required to execute a transaction document immediately and stamp the instrument within a specified period. There is no specific format for these instruments, but the Stamp Duty Ordinance (No 117 Chapter) The contract documents shall state the following.
According to the requirements of the Inland Revenue Department, any person who completes the sale or purchase of Hong Kong securities is required to execute a transaction document immediately and stamp the instrument within a specified period. There is no specific format for these instruments, but the Stamp Duty Ordinance (No 117 Chapter) The contract documents shall state the following:
1, the person who completes the sale or purchase of Hong Kong securities is acting in his capacity as principal or agent or, if he is classified as an agent, must state the name of his principal;
2, the date of transaction and the date of preparation of the transaction documents;
3, the number and name of the Hong Kong securities;
4, the price per unit of the Hong Kong securities and the amount of the cost and, in the case of an exchange, the particulars of the property in which the Hong Kong securities were exchanged;
5, the date of settlement.
Therefore, the transfer of shares of a Hong Kong company must be completed in accordance with the above provisions, and then submitted to the Stamping Department of the Inland Revenue Department for stamping.
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