Inland Revenue (Amendment) (Tax Deductions for Intellectual Property Expenditure) Bill 2026 gazetted
The Government published the Inland Revenue (Amendment) (Tax Deductions for Intellectual Property Expenditure) Bill 2026 (the Bill) today (October 16) to suitably relax the tax deduction arrangements for relevant capital expenditure incurred by enterprises for purchasing Intellectual Property (IP) rights or for the licence to use IP rights. A spokesman for the Commerce and Economic Development Bureau said, "The Bill puts into effect the measure announced in the 2025-26 and 2026-27 Budgets to further enhance the tax deduction arrangements for local IP, lowering the costs of IP transactions to facilitate more IP trading activities and support the development of knowledge‑intensive industries in Hong Kong." The Bill proposes to relax the IP-related tax deduction arrangements by allowing tax deductions for relevant capital expenditure incurred by enterprises in respect of the following: (1) Purchase of eligible IP rights from associates: allowing tax deduction for capital expenditure incurred by enterprises for the purchase of eligible IP rights from associates, such as group affiliates, to encourage multinational enterprises to centralise their IP management in Hong Kong, and to facil
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