Tax Incentive and Relief Applications
Securing Hong Kong tax incentives and reliefs including R&D deductions, concessionary rates, fund exemptions, and patent box regime for qualifying businesses.
Our Tax Incentive and Relief Applications Services
Concessionary Tax Rates
- Advising on eligibility for concessionary profits tax rates for qualifying activities
- Structuring operations to meet the requirements for reduced-rate taxation
- Advising on the two-tiered profits tax rate regime and its application
- Managing compliance with conditions attached to concessionary rate treatment
- Monitoring legislative changes affecting the scope of concessionary rate programmes
Research and Development Tax Deduction
- Advising on the enhanced tax deduction for qualifying R&D expenditure under the Inland Revenue Ordinance
- Identifying eligible R&D activities and qualifying expenditure categories
- Preparing applications and supporting documentation for enhanced R&D deductions
- Structuring R&D arrangements to maximise the deduction available
- Advising on the interaction between R&D deductions and intellectual property arrangements
Patent Box Regime
- Advising on the concessionary tax rate for qualifying profits derived from eligible intellectual property
- Assessing eligibility of patents and other IP for patent box treatment
- Structuring IP holding and licensing arrangements to qualify for the regime
- Preparing applications and maintaining compliance with ongoing requirements
- Coordinating patent box planning with broader IP and transfer pricing strategy
Carried Interest Concession
- Advising private equity and investment fund managers on the concessionary tax treatment for carried interest
- Assessing eligibility of carried interest arrangements for the concession
- Structuring fund management operations to meet qualifying conditions
- Preparing and filing elections and supporting documentation
- Monitoring compliance with the conditions applicable to the concession
Fund Tax Exemption
- Advising on the unified fund exemption regime for qualifying investment funds
- Assessing eligibility for exemption from profits tax on qualifying transactions
- Advising on the substantial activities requirements and anti-round tripping provisions
- Structuring fund vehicles and management arrangements to satisfy exemption conditions
- Coordinating fund tax exemption planning with regulatory and operational requirements
Qualifying Debt Instrument Scheme and Other Reliefs
- Advising on the concessionary tax treatment for qualifying debt instruments
- Assisting with applications under the ship leasing tax concession
- Advising on tax reliefs for aircraft leasing activities in Hong Kong
- Advising on the tax treatment of charitable donations and maximising available deductions
- Identifying and applying for industry-specific and activity-specific reliefs as they become available
Our Approach
Rigorous Eligibility Assessment
End-to-End Application Support
Integrated Tax Planning
Ongoing Monitoring and Compliance
