Hong Kong Announces Airline Tax Relief Arrangements
Three orders implementing double taxation relief arrangements for flights between
Hong Kong, Mexico and Finland were gazetted in the Hong Kong Legislative
Assembly on Friday, the government's Transport and Housing Bureau has announced.
Under the legislation, the three jurisdictions' airlines will be tax exempt
for income and profits derived from international flights. This is intended
to stop double taxation, cut operation costs, and improve income and efficiency. The Specification of Arrangements (Government of the Republic of Finland) (Avoidance
of Double Taxation on Income from Aircraft Operation) Order will no longer be
required, the Bureau stated. The orders will be tabled at the Legislative Council on Wednesday. .
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