Hong Kong to introduce IP tax deduction bill in LegCo
Hong Kong's Legislative Council will on 28 October hold first and second readings of a bill to allow tax deductions for intellectual property expenses. The session will also debate motions on urban renewal and teacher development.
The Hong Kong Legislative Council will convene at 11am on Wednesday, 28 October, in the chamber of the Legislative Council Complex. During the session, two bills will be introduced for first and second readings: the Inland Revenue (Amendment) (Tax Deduction for Intellectual Property Expenses) Bill 2026 and the Appropriation (2025-2026) Bill. Debate on both bills will be adjourned after the readings.
Lawmaker Wong Ho-ming will move a motion on accelerating urban renewal in old districts, with amendments proposed by Yeung Yung-kai, Wong Kwok and Kwok Fu-rong. Separately, Tang Fei will propose a motion on promoting teacher professional development in the new era.
In addition, Chow Ho-ting will move a resolution under section 34(4) of the Interpretation and General Clauses Ordinance to extend the deadline for amending subsidiary legislation.
Lawmakers will also raise 22 questions on various policy matters, six of which require oral replies from the government.
Members of the public can view the full agenda on the Legislative Council website at www.legco.gov.hk. The session can be watched or listened to live via the council's webcast system. Those wishing to attend in person at the Legislative Council Complex should call 3919 3399 during office hours to reserve seats.
