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| Shipping
Tax Agreement Between Hong Kong And The Netherlands |
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The Agreement for the Avoidance of
Double Taxation on Income, Profits, Gains or Capital of an Enterprise
Operating Ships in International Traffic shipping which was signed
between Hong Kong and the Netherlands in November 2001 has come into
force on 1 January 2002 and will apply for any year of assessment
or taxable year and period on or after that date. The Secretary for
Economic Services, Ms Sandra Lee, who signed the agreement on behalf
of the HKSAR Government said at the signing ceremony "The agreement
is beneficial to ship owners in Hong Kong and the Netherlands as it
exempts owners of Hong Kong ships from paying tax levied on cargo
loaded in the Netherlands and vice versa? ".
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Under the basic law Hong Kong can negotiate its own double taxation
treaties independently of China using the abbreviation Hong Kong,
China, although the territory is not able to take advantage of any
double taxation treaties that China may enter into because only mainland
taxes are mentioned in these treaties. |
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| Floriade
2002 |
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| The Floriade, the largest international horticultural
exhibition held once every ten years in the Netherlands, will run
from April 6 until October 20, 2002. It will be the fifth time that
the Floriade is organized and is considered one of the major tourist
events expected to attract in the region of 3 million visitors. The
Floriade park consisting of 65 hectares will be located in the district
of Haarlemmermeer, which is easily accessible by car, public transport
and air due to its close proximity to Amsterdam Airport Schiphol and
tourist centers like Amsterdam and Haarlem. The Haarlemmermeer municipal
council provides the land and required infrastructure and together
with national authorities and associated partners are investing approximately
EURO |
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18.2 million into the project. Significant
amounts will also be spent on hotel accommodation, restaurants, transport,
arrangements etc., but it is also expected that Floriade 2002 will
provide temporary employment for an estimated 700 people.
More information is provided at: http://www.floriade.nl |
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