Hong Kong SAR Government Financial Services and the Treasury Bureau announced today that environmental protection authorities will provide mechanical and environmental protection device to speed up the tax deduction to encourage the business community to use the facilities.
Financial Services and the Treasury Bureau suggested that to provide qualified machinery caused by capital expenditure, in the year of purchase can be 100 percent deduction in the purchase of five consecutive years from the year, the annual deduction for the construction of environmental protection devices and the capital expenditure incurred by the 20 percent.
Environmental protection equipment is installed renewable energy, including solar photovoltaic devices, wind power installations, transforming waste into energy installations.
Source: 中国新闻网 Apr. 27, 2008
