Hong Kong: Draft legislation on aircraft leasing preferential regime

Draft legislation that includes proposed enhancements to the existing aircraft leasing preferential tax regime

Draft legislation on aircraft leasing preferential regime

Draft legislation that includes proposed enhancements to the existing aircraft leasing preferential tax regime in Hong Kong was gazetted on 17 November 2023. 

If the draft legislation is passed, its provisions would become effective from the year of assessment beginning 1 April 2023. 


For more information contact a KPMG tax professional:

David Ling | davidxling@kpmg.com

 

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.