Following the judgement of the CoA, the intra-group stamp duty relief will be restricted to companies with issued share capital only.
This strategic move can be driven by various motivations, such as optimising the capital structure, returning surplus funds to shareholders, or eliminating accumulated losses.
To promote the research and development (“R&D”) sector and the creative industries in Hong Kong to exploit their intellectual property (“IP”) rights for economic growth and competitiveness, the Hong Kong government has introduced the Patent Box Regime.
In this article, we’ll delve into the importance of bookkeeping, explore its fundamental concepts, and clarify its role in comparison to accounting.
