CPCE Registered as “Designated Local Research Institution” (DLRI)
CPCE was granted the status as “Designated Local Research Institution (DLRI)” by the Commissioner for Innovation and Technology, with effect from 31 January 2019. CPCE welcomes the DLRI designation as it will open up more Research and Development (R&D) opportunities through networking with the research community.
Under the amended Inland Revenue Ordinance, an enterprise will be eligible for enhanced tax deduction for “Type B expenditures”, i.e. payments made to a DLRI for conducting qualifying R&D activities on its behalf. The tax deduction will be 300% for the first $2 million of the aggregate amount of the payments, and 200% for the remaining amount. The enhanced tax deduction for eligible enterprises will be an important measure to encourage more R&D activities in Hong Kong.
The College of Professional and Continuing Education (“CPCE”), an independent self-financed arm of PolyU, offers programmes through two subsidiaries of PolyU, namely Hong Kong Community College (“HKCC”) and College of Professional and Continuing Education Limited (“CPCE Limited”). CPCE Limited includes the School of Professional Education and Executive Development (“SPEED”) and CPCE supporting offices. The DLRI designation has been granted to both CPCE Limited and HKCC.