Clifford Chance
Recent Developments in the PRC Aircraft Leasing Market – Calculation of Customs Duties and Relaxation of Foreign Security Rules
21 February 2011
Two recent legal developments in China are important to the conduct of aircraft leasing business by both domestic and foreign industry players. This client briefing looks at the calculation of dutiable value for aircraft leasing contracts in the context of customs duties and other taxes collected by Chinese customs authorities. It also discusses the rules governing foreign security which may have the effect of easing restrictions on the grant of foreign security by Chinese leasing companies in cross-border transactions.
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