Hong Kong's investment in virtual assets will not be subject to asset value-added tax
2024-06-29 03:19:46
According to Hong Kong media Ta Kung Pao disclosure Hong Kong investment virtual assets will not be expropriated assetsdesk3cryptocurrencydesktopCrypto News
According to the Hong Kong media Ta Kung Pao, Hong Kong's investment in virtual assets will not be subject to asset value-added tax, which is a very attractive point for global investors. For example, in Japan and Australia, although the virtual asset market was expanded earlier than Hong Kong, both Japan and Australia need to pay asset value-added tax. The relevant tax will be included in the comprehensive tax rate calculation. In Japan and Australia, the comprehensive tax rate can be as high as 50% and 40% respectively. For investors, investment return is of course the most important consideration. Hong Kong's low tax system will attract more international investors to enter Hong Kong.
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