The Hong Kong Inland Revenue Department has announced the passage of the Inland Revenue (Amendment) (No. 5) Bill 2018 by the Legislative Council on 14 November 2018. The bill includes tax concessions announced as part of the Budget 2018-19 that generally apply from 1 April 2018. One of the main measures of the bill is a tax concession allowing for a full deduction of capital expenditure on environmental protection installations in one year instead of over five years. Environmental protection installations include energy efficient building installations and renewable energy installations such as solar, wind, etc. The bill also provides for...