OrbitaxHKIRD issues DIPN Nos. 5 (Revised), 21 (Revised) and 49 in relation to deduction of IP expenses and taxation of IP royalties
|Approved Changes|Hong Kong
Following the enactment of the Inland Revenue (Amendment)(No.3) Ordinance 2011 in December 2011, the Hong Kong Inland Revenue Department (HKIRD) issued the Departmental Interpretation and Practice Note (DIPN) No.49 on 10 July 2012. DIPN No. 49 sets out the HKIRD's interpretation and practices in relation to the deduction from profits tax for capital expenditure on relevant intellectual proper…
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