Three orders implementing double taxation relief arrangements for flights between Hong Kong, Mexico and Finland will be gazetted Friday, the Transport and Housing Bureau said here Wednesday.
The three jurisdictions' airlines will be tax exempt for income and profits derived from international flights in a bid to cut operation costs, and improve income and efficiency, the bureau said.
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, according to the bureau.
The orders will be submitted at the Legislative Council on June 25.
Source: Xinhua
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