The Hong Kong SAR IRD issues guidance on ship leasing tax concessions


Source: internationaltaxreview.com internationaltaxreview.com

Key Topics in this News Article:

News Snapshot:

This content is from: Hong Kong SAR The Hong Kong SAR IRD issues guidance on ship leasing tax concessions Lewis Lu and John Timpany of KPMG analyse the impact of the ship leasing concessions on taxpayers. Sponsored by & By Lewis Lu January 13 2021 The Inland Revenue Department (IRD) issued an updated guidance Departmental Interpretation & Practice Notes No. 62 (DIPN) setting out its views on the concessionary tax treatment for (i) qualifying ship lessors; (ii) qualifying ship leasing managers in Hong Kong SAR. Lease vs ship operator One of the biggest concerns of the new rules was that...