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Patent Box Tax Initiative


On 28 March 2024, the Hong Kong Government published the Inland Revenue (Amendment) (Tax Concessions for Intellectual Property Income) Bill 2024 (“the Bill”) in the Gazette to implement the "patent box" regime. The Bill aims to strengthen Hong Kong’s competitiveness as a regional intellectual property (“IP”) trading centre by encouraging businesses to engage in more research and development (“R&D”) and IP trading activities. It offers a 5 per cent concessionary tax rate for eligible IP income derived from eligible IP assets, subject to certain conditions.


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