EYHong Kong provides clarifications for the concessionary tax regime for qualifying ship leasing activities
|Tax Alerts, Legislation & Policy, Na ...|Hong Kong
The Hong Kong Inland Revenue Department issued Departmental Interpretation and Practice Note 62 (DIPN 62)1 clarifying the provisions of the new law2 that grants concessionary tax treatment for (i) qualifying ship lessors and (ii) qualifying ship leasing managers in Hong Kong.
This Alert summarizes the key provisions of DIPN 62.
Summary of tax concessions and eligibility
- The tax rate on the …
