The main benefits of the concessionary tax regime for certain aircraft leasing activities are:
Overall, the new regime is a welcome change as Hong Kong should now be economically competitive with other leasing locations such as Ireland and Singapore. This is especially true where the lessee is resident in a jurisdiction with which Hong Kong has a favourable tax treaty such as the PRC, Japan and Russia.
© 2019 KPMG Huazhen LLP — a People's Republic of China partnership, KPMG Advisory (China) Limited — a wholly foreign owned enterprise in China, and KPMG — a Hong Kong partnership, are member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International.
Save what resonates, curate a library of information, and share content with your network of contacts.
You've been a member since