Hong Kong couples seeking assisted reproduction may benefit from up to HK$100,000 in tax deductions per year starting in April
- Deduction on assisted reproductive services expected to cover services obtained from both public and private clinics, while ones undergone outside city not eligible
- Health Bureau to discuss details of proposal set to include infertile couples or those with specific medical needs with lawmakers next week
Hong Kong couples who undergo assisted reproductive techniques may benefit from tax deductions of up to HK$100,000 (US$13,000) per year starting in April, but those who choose to delay parenthood will not be eligible.
The Health Bureau is expected to discuss the details of a proposed deduction for assisted reproductive services with lawmakers next week. The proposal was first introduced in Chief Executive John Lee Ka-chiu’s latest policy address in October.
A Legislative Council paper released on Friday showed that authorities hoped to introduce the tax deductions for such procedures under the salaries and personal income taxes, starting from the 2024-25 financial year.
They would be capped at HK$100,000 per tax year.
Couples hoping to claim the deduction would need to provide a receipt, as well as a standardised certificate signed by an accredited specialist at a local licensed centre.