Hong Kong’s Patent Box Tax Incentive Enacted On 5 July 2024, the Inland Revenue (Amendment) (Tax Concessions for Intellectual Property Income) Ordinance 2024 came into force (“Amendment Ordinance”). It will be applied retroactively from the 2023/24 year of assessment. The Amendment Ordinance enacts the patent box tax incentive, offering tax concessions for qualifying profits earned […]
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