The Hong Kong Inland Revenue Department has announced the Inland Revenue (Amendment) (Tax Deductions for Spectrum Utilization Fees) Bill 2023, which provides tax deductions for spectrum utilization fees payable by mobile network operators in order to encourage proactive investment in telecommunications infrastructure. --- Inland Revenue (Amendment) (Tax Deductions for Spectrum Utilization Fees) Bill 2023 gazetted The Government published in the Gazette today (December 1) the Inland Revenue (Amendment) (Tax Deductions for Spectrum Utilization Fees) Bill 2023 (the Bill) to provide for tax deductions for spectrum utilization fees (SUF) payable by mobile network operators (MNOs) on radio spectrum acquired in future...