Ships Profit Taxation
Income derived from the international trade of Hong Kong registered ships is exempted from profits tax. HKSAR has also entered into double taxation relief agreements with 12 countries which include:
1.China 2.USA 3.United Kingdom 4.South Korea 5.New Zealand 6.Netherlands 7.Singapore 8.Belgium 9.Denmark 10.Sri Lanka 11.Norway 12.Germany
Read more about this topic: Ship Registration In Hong Kong
Famous quotes containing the words ships, profit and/or taxation:
“Two lives that once part are as ships that divide.”
—Edward Bulwer-Lytton (1803–1873)
“Like all men who are Napoleonic in their ambitions ... he has instincts about the nature of growth, a lover’s sense of the moment of crisis, and he knew ... how costly is defeat when it is not soothed by greater consciousness, and how wasteful is the profit of victory when there is not the courage to employ it.”
—Norman Mailer (b. 1923)
“The Government is able to afford a suitable army and a suitable navy. It may maintain them without the slightest danger to the Republic or the cause of free institutions, and fear of additional taxation ought not to change a proper policy in this regard.”
—William Howard Taft (1857–1930)