The Hong Kong Government has recently introduced a "patent box" tax regime in Hong Kong, which provides a concessionary profits tax rate of 5% on certain Hong Kong-sourced intellectual property (“IP”) income derived by taxpayers in Hong Kong. This concessionary tax regime applies retrospectively from the year of assessment 2023/24.

An overview of the 2023/24 budget speech and its impacts on businesses in Hong Kong.

An overview of the 2022/23 budget speech and its impacts on businesses in Hong Kong.