Transcription of Departmental Interpretation And Practice Notes - No. 49
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Our website : Inland Revenue Department The Government of the Hong Kong Special Administrative Regionof the People's Republic of China Departmental Interpretation AND Practice Notes NO. 49 (REVISED) PROFITS TAX DEDUCTION OF CAPITAL EXPENDITURES ON PAT E N T RIGHTS, RIGHTS TO KNOW-HOW AND SPECIFIED INTELLECTUAL PROPERTY RIGHTS These Notes are issued for the information of taxpayers and their tax representatives. They contain the Department s Interpretation and practices in relation to the law as it stood at the date of publication. Taxpayers are reminded that their right of objection against the assessment and their right of appeal to the Commissioner, the Board of Review or the Court are not affected by the application of these Notes .
Qualifying expenditure 26 Timing of deduction One-off deduction in the year of purchase 28 ... (topography) rights, protected plant variety rights, registered designs and registered trade marks. SCOPE OF THE TAX DEDUCTION . 5. IPRs are intangible assets, representing the exclusive rights offered by law to protect a person’screation.
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