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Hong Kong Extends Airport Charge Incentive

by Mary Swire, Tax-News.com, Hong Kong

05 October 2011


The renewed scheme of airport charges for new routes, proposed by the Airport Authority Hong Kong (AA) and gazetted on October 7, will come into force on January 1 next year.

A statement from Hong Kong’s Transport and Housing Bureau said that "the scheme aims to extend the existing New Destination Incentive Arrangement until December 31, 2012, to encourage airlines to continue to launch new routes. It also takes the opportunity to align parking charges for business aviation.”

It is hoped that the extended Arrangement will encourage airlines to introduce new routes that will further enhance the connectivity of Hong Kong. This should, in turn, benefit the civil aviation and tourism industries and will strengthen Hong Kong’s position as an international regional hub.

The existing Arrangement will expire on December 31, 2011. Under its extension, the AA will continue to offer airlines a 75% rebate on landing charges for flights between Hong Kong and a new destination for the first six months after the route is launched, and a 25% rebate for the next six months.

TAGS: tax | tax incentives | aviation | fees | Hong Kong

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