The proposals include expanding scope of covered activities as well as relaxation of the 20% tax base concession and interest deduction rules. The introduction of specified substantial activity thresholds for the regime is also proposed.Taxpayers engaged in the aircraft leasing business may submit comments and suggestions to the proposals by 19 December 2022.Under the current Hong Kong aircraft leasing tax preferential regime, qualifying aircraft lessors and aircraft leasing managers in Hong Kong are taxed at the 8.25% concessionary tax rate. There is also a tax base concession whereby the deemed taxable income from aircraft leasing is calculated at 20% of...