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Hong Kong introduces bill on patent-box tax incentive

|Tax Alerts, Information Reporting, Legis ...|Hong Kong
Hong Kong

  • Pursuant to the announcement in Hong Kong 2024/25 annual budget, a bill has been gazetted to introduce a new patent-box regime in Hong Kong under which qualifying income will be taxed at 5%.
  • The portion of eligible intellectual property income that will be taxed at the 5% concessionary rate will be determined in a manner that would be consistent with the "nexus approach" in BEPS Action 5 and will a…

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