In a meeting of the Panel on Economic Development of Legislative Council (LegCo) held on 23 January 2017, the Secretary for Transport and Housing revealed some details of the new dedicated tax regime for aircraft leasing businesses that will be introduced in Hong Kong. The Deputy Commissioner of Inland Revenue (Deputy CIR) also attended the meeting and spoke on the proposed tax measures.
In addition, a briefing paper on the tax regime was issued and is accessible on the LegCo’s website. Click here to read.
The key features of the tax regime revealed in the briefing paper and the Deputy CIR's speech are summarised in this Financial Services Tax News Flash.
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