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HK Forms Tax Committee to Review Virtual Asset Levies

2/26/2026

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Summary

Story summary

Hong Kong will establish the Advisory Committee on Tax Policy, chaired by Financial Secretary Paul Chan Mo-po, to review tax policy and consider levies on the virtual asset sector and emerging industries.
Experts urge Chan to pursue tax review, warning that taxes on virtual assets could deter investors.
Chan's budget says value-added taxes such as goods and services tax will not be considered.
Steps support economic development via tax policy.

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Story summary

Hong Kong will establish the Advisory Committee on Tax Policy, chaired by Financial Secretary Paul Chan Mo-po, to review tax policy and consider levies on the virtual asset sector and emerging industries.
Experts urge Chan to pursue tax review, warning that taxes on virtual assets could deter investors.
Chan's budget says value-added taxes such as goods and services tax will not be considered.
Steps support economic development via tax policy.