Three orders implementing double taxation relief arrangements for flights between Hong Kong, Mexico and Finland will be gazetted Friday, the Transport & Housing Bureau says.
The three jurisdictions' airlines will be tax exempt for income and profits derived from international flights. Stopping double taxation will cut operation costs, and improve income and efficiency.
The Specification of Arrangements (Government of the Republic of Finland) (Avoidance of Double Taxation on Income from Aircraft Operation) Order will no longer be required.
The orders will be tabled at the Legislative Council June 25.
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