The Hong Kong Inland Revenue Department has announced that the Inland Revenue (Amendment) (Tax Deductions for Intellectual Property Expenditure) Bill 2026 was gazetted on 16 October 2026 and will be introduced into the Legislative Council on 28 October 2026 for its first and second readings. The Bill includes measures to allow tax deductions for capital expenditure incurred when purchasing intellectual property rights or licensing IP rights. The measures were first announced as part of the 2…