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   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).