OrbitaxHong Kong Passes Bill on Deduction for Reinstating Condition of Premises Under Lease and Removing Time Limit to Claim Allowances for Buildings or Structures
|Approved Changes|Hong Kong
The Hong Kong Inland Revenue Department (IRD) has announced the passage of the Inland Revenue (Amendment) (Tax Deductions for Leased Premises Reinstatement and Allowances for Buildings and Structures) Bill 2024 by the Legislative Council on 18 December 2024. The legislation introduces a tax deduction for expenses incurred for reinstating the condition of premises under a lease to their origina…
Continue Reading
