(IMPORTANT) Tax regime for ship leasing and ship leasing management
Circular Ref: A(20)231
Issue Date: 16 Dec 2020
Further to our previous circulars on the captioned subject, we are pleased to advise you that as suggested in the government consultative meetings with the Association, the Inland Revenue Department has produced the Departmental Interpretation and Practice Notes (DIPN) on “Taxation on Ship Leasing Activities”. You may wish to visit the link:https://www.ird.gov.hk/eng/pdf/dipn62.pdf
We trust this (very detailed) document would be helpful for the taxpayers and their representatives in the industry,