What Changed
- Introduction of the Inland Revenue (Amendment) (Tax Deductions for Intellectual Property Expenditure) Bill 2026 and Supplementary Appropriation (2025-2026) Bill into LegCo on October 28, 2026.
- Adjournment of Second Reading debates on both bills following their introduction.
- Tabling of Members' motions on old district redevelopment, teachers' professional development, and extension of subsidiary legislation amendment periods.
Businesses, intellectual property owners, tax practitioners, and the public in Hong Kong SAR should note upcoming legislative developments in the Legislative Council (LegCo). On October 26, 2026, the Legislative Council Secretariat announced that the LegCo will hold a meeting on Wednesday, October 28, 2026, at 11:00 am in the Chamber of the LegCo Complex.
During the meeting, two legislative bills will be introduced into the Council for First Reading and Second Reading:
1. The Inland Revenue (Amendment) (Tax Deductions for Intellectual Property Expenditure) Bill 2026; and
2. The Supplementary Appropriation (2025-2026) Bill.
Following their introduction, the Second Reading debates on both bills will be adjourned according to standard procedure.
In addition to the introduction of draft legislation, LegCo Members will present several motions and proposed resolutions:
- Mr Augustine Wong will move a motion titled "Expediting the redevelopment of old districts", with separate amendments proposed by Mr Yang Wing-kit, Mr Kingsley Wong, and Ms Kwok Fu-yung.
- Mr Tang Fei will move a motion titled "Promoting teachers' professional development in the new era".
- Mr Holden Chow will move a proposed resolution under section 34(4) of the Interpretation and General Clauses Ordinance to extend the statutory period for amending subsidiary legislation.
LegCo Members are also scheduled to ask the Government 22 questions across various policy sectors, six of which require oral replies.
The meeting agenda is published on the LegCo Website (www.legco.gov.hk). The public may view or listen to the proceedings via the website's Webcast system, or call 3919 3399 during office hours to reserve seats to observe in person at the LegCo Complex.
Who May Be Affected
Taxpayers, corporate entities investing in intellectual property expenditure, educational professionals, and general public stakeholders in Hong Kong SAR.
Cross-Border Context
Relevant for multinational businesses and foreign investors managing intellectual property assets or structuring tax strategies within Hong Kong SAR.
What to check next
- Check the LegCo Website (www.legco.gov.hk) for the gazetted text of the Inland Revenue (Amendment) (Tax Deductions for Intellectual Property Expenditure) Bill 2026 upon introduction.
- Monitor future LegCo sessions for the resumption of the Second Reading debate and committee stage scrutinies.
This article provides general information and does not constitute legal advice. Consult the official text and obtain advice appropriate to your circumstances where needed.