Overview of Hong Kong’s virtual asset tax policy:

Policy content: The Hong Kong government announced that it will not levy asset value-added tax on investments in virtual assets.

Policy advantages: This policy has significant appeal to global investors because it reduces investors’ tax burden. Compared with other countries and regions, such as Japan and Australia, although these regions are also vigorously expanding the virtual asset market, investors need to pay high asset appreciation tax. In Japan and Australia, relevant taxes will be included in the calculation of comprehensive tax rates, which can be as high as 50% and 40% respectively.

Comparison with other regions: Unlike Japan and Australia, Hong Kong’s low tax system provides investors with greater scope for investment returns. For investors, return on investment is one of the most important considerations. Hong Kong’s low tax policy will attract more international investors to choose to invest in virtual assets in Hong Kong.

Impact on investors: Hong Kong’s tax policy will encourage more international investors to settle in Hong Kong and promote the prosperity and development of Hong Kong’s virtual asset market. Investors can enjoy a lower tax burden when investing in virtual assets in Hong Kong, thereby increasing their investment returns.

To sum up, the virtual asset tax policy announced by the Hong Kong government provides investors with significant tax advantages. Compared with other countries and regions, Hong Kong’s low tax system will attract more international investors to invest in virtual assets in Hong Kong. . This will help promote the further development and prosperity of Hong Kong’s virtual asset market.