The Hong Kong Inland Revenue Department has updated its general information on the Aircraft Leasing Tax Regime to include proposed enhancements to the regime in light of market changes and the BEPS 2.0 international tax reform. --- Proposed Enhancements to the Regime (NEW) In view of the market changes and taking into account the international tax reform spearheaded by the Organisation for Economic Co-operation and Development ("OECD") on base erosion and profit shifting (commonly known as BEPS 2.0), the Government introduced the Inland Revenue (Amendment) (Aircraft Leasing Tax Concessions) Bill 2023 ("the Bill") into the Legislative Council on 29 November...