The Hong Kong Inland Revenue Department has announced the Inland Revenue (Amendment) (Tax Deductions for Spectrum Utilization Fees) Ordinance 2024, which has been published in the Official Gazette and provides tax deductions for spectrum utilization fees payable by mobile network operators in order to encourage proactive investment in telecommunications infrastructure.
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Inland Revenue (Amendment) (Tax Deductions for Spectrum Utilization Fees) Ordinance 2024 takes effect upon gazettal
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