Hong Kong And Finland Sign Air Services Tax Pact
Hong Kong and Finland have signed an avoidance of double taxation agreement on
income from aircraft operations.
Hong Kong Secretary for Transport & Housing, Eva Cheng and Finnish Consul-General,
Timo Rajakangas signed the pact on November 19, which covers income derived
from the operation of aircraft in international traffic. Hong Kong has similar arrangements with Bangladesh, Belgium, Canada, China,
Croatia, Denmark, Estonia, Ethiopia, Germany, Iceland, Israel, Jordan, Kenya,
Kuwait, Mauritius, Mexico, the Netherlands, New Zealand, Norway, Russia, South
Korea, Sweden, Switzerland, the UK and Macau. The Hong Kong government has also revealed that Hong Kong International Airport
handled 4.13 million passengers in October, up 7.1% on the same month last year,
a result of the strong demand during the National Day Golden Week holiday. Airport Authority Chief Executive Officer Stanley Hui observed that it is also a reflection
of Hong Kong's continued attraction as a destination for Mainland visitors. The airport processed 353,000 tonnes of cargo, up 7.6%, in line with growth
in foreign trade between China and Europe and the US. It saw 25,830 air traffic
movements, up 5.8%. For the 12 months ended October 31, the airport handled 47.1 million passengers,
a year-on-year increase of 7.4%. It handled 3.7 million tonnes of cargo and
292,740 air traffic movements, up 4.4% and 5% from last year. .
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