Investment in virtual assets in Hong Kong will not be subject to capital gains tax

Jinse Finance reported that, according to the Hong Kong media Ta Kung Pao, investment in virtual assets in Hong Kong will not be subject to capital gains tax, which is very attractive to global investors. For example, in Japan and Australia, although they have expanded the virtual asset market earlier than Hong Kong, Japan and Australia both need to pay capital gains tax. The relevant tax will be included in the comprehensive tax rate calculation, and the comprehensive tax rates in Japan and Australia can be as high as 50% and 40% respectively. For investors, investment return is of course the most important consideration, and Hong Kong’s low tax system will attract more international investors to settle in Hong Kong.