Financial News

(6-Dec-2007) The new system will allow companies to pay VAT centrally, with revenue authorities distributing tax to the countries where it was incurred

(6-Dec-2007) The measures would exempt visitors to Kinmen, Matsu and Penghu from duties and VAT

(3-Dec-2007) The airport authority plans to improve its retail business, according to The Edge Daily

(26-Nov-2007) Local reports suggest the airport may already have cancelled the contract after the partners sought to re-value the contract

(26-Nov-2007) DFS Group is aiming to acquire all shares and assets of The Nuance Group’s New Zealand subsidiary Regency Duty Free

(26-Nov-2007) Duty-free shops can operate on the airport territory according to the decree

(22-Nov-2007) New store openings and contracts as well as sales promotion campaigns lift retail sales

(16-Nov-2007) Turnover from the airport retailer was up 15.5% to €159m ($232.6m) in the nine months to September

(15-Nov-2007) Non-aviation revenues were up 16.2% to €96.5m ($141m) in the nine months to September

(14-Nov-2007) Overall retail income for the airports group up 4.5% to £493m ($1.02bn)