Sign up for tax alert emails GTNU homepage Tax newsroom Email document Print document Download document | |||
December 13, 2022 Hong Kong issues trade consultation paper proposing enhancements to aircraft leasing tax concession regime
Under the current Hong Kong aircraft leasing tax preferential regime, qualifying aircraft lessors and aircraft leasing managers in Hong Kong are taxed at the 8.25% concessionary tax rate. There is also a tax base concession whereby the deemed taxable income from aircraft leasing is calculated at 20% of net rental income in lieu of the tax depreciation allowance. The Hong Kong Government issued a trade consultation paper on 22 November 2022 proposing various enhancements to the current regime:
_________________________________________ For additional information with respect to this Alert, please contact the following: Ernst & Young Tax Services Limited, Hong Kong
Ernst & Young LLP (United States), Hong Kong Tax Desk, New York
Ernst & Young LLP (United States), Asia Pacific Business Group, New York
Ernst & Young LLP (United States), Asia Pacific Business Group, Chicago
| |||