The Hong Kong Inland Revenue Department has announced the publication of the draft Inland Revenue (Amendment) (Tax Concessions for Intellectual Property Income) Bill, which provides for the introduction of a patent box regime with a concessionary tax rate of 5% for qualifying intellectual property income.
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Inland Revenue (Amendment) (Tax Concessions for Intellectual Property Income) Bill 2024 gazetted
The Government published the Inland Revenue (Amendment) (Tax Concessions for Intelle…