Hong Kong Considers Leasing Tax Change

Hong Kong’s chief executive Leung Chun-ying is investigating ways to change tax rules in a bid to attract more aircraft financiers.

In an annual policy statement published yesterday (January 14), Chun-ying revealed that the government would hold a consultation to collect views on tax regulations affecting the industry.

Currently lessors based in Hong Kong are taxed on gross rental income rather than profits, whereas those based in Singapore and Ireland can claim tax depreciation.  

TAGS: Asia Pacific
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