Registered trademarks, copyrights and registered designs

To promote wider application of intellectual property by enterprises and the development of creative industries, the Financial Secretary proposed to expand the existing regime of tax deductible capital expenditure on the purchase of patent rights and industrial know-how to cover registered trademarks, copyrights and registered designs.

With regard to the proposed tax deduction, the Inland Revenue Department will conduct a thorough study of the proposal (including scope of deductions) and submit the Inland Revenue Amendment Bill to the Legislative Council as soon as possible.