Hong Kong Government Confirms It Will Not Relax Restrictions on Allowances for Machinery, Equipment, and IP Rights Used Outside Hong Kong
The Hong Kong Government has published a response to questions posed in the Legislative Council on whether it will consider relaxing restrictions to enable manufacturers to claim tax allowances in respect of the machinery, equipment and intellectual property rights used in their production procedures located outside Hong Kong. The response is as follows:
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Section 39E of the Inland Revenue…
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