New deductions for capital expenditure on the purchase of copyrights, registered designs and registered trade marks

New deductions for capital expenditure on the pur...

Tax alert - Issue 1, January 2012

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New deductions for capital expenditure on the purchase of copyrights, registered designs and registered trade marks

The Inland Revenue (Amendment)(No. 3) Ordinance was gazetted on 16 December 2011 and enacts the 2010-11 Budget initiative to allow a deduction for capital expenditure incurred on the purchase of specified intellectual property rights (IPRs).

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