January 2008

The Archives

• 01.29.08
  Australian Export Market Development Grants   Government Grants (0)

  • continuing the Export Market Development Grants (EMDG) scheme to the end of the 2010-11 grant year and provide for a review of the scheme, with a report to the Minister of Trade by 30 June 2010
  • increasing the claimable overseas visit allowance from $200 to $300 per day
  • […]

• 01.21.08
  VAT Reform in North-East China   Chinese business tax relief, Setting up Rep offices or foreign owned enterprises (0)

  The new change in the Chinese VAT system being trialed in the North-East is reducing considerably such burdens for business in the region,as it makes it less expensive for companies to upgrade their facilities,Applied nationally,it would provide a major incentive for prospective investors.
  As part of a 2003 policy initiative on “Revitalising the northeast old industry […]

• 01.21.08
  Value added tax   Chinese business tax relief, Establish business relationships with Chinese companies (0)

  VAP applies if your company is selling .manufacturing,processing or repairing tangible goods. It also applies om importation of raw material and equipment.Rates vary between 0% and 17%,and the regulation are complex.

• 01.21.08
  Rates of business tax   Chinese business tax relief, Setting up Rep offices or foreign owned enterprises (0)

  Transportation by land,water air and pipeline,loading and unloading,delivery-3%
  Construction,installation,repair,decoration and other engineering work-3%
  Finance and insurance-5%
  Posts and telecommunications-3%
  Culture and sports-3%
  Singing bars,dance halls,karaoke lounges,commercial musical halls,tea houses,billiards,golf,bowling and amusement facilities-5-20%
  Servicing agency,hotel,catering,tourism,warehousing,leasing,advertising and other services-5%
  Transfer of land-use rights,patent rights,trademarks,copyrights and goodwill-5%
  Sale of buildings and other attachments to land-5%
  Business tax is usually calculated,filed and paid to the local tax […]

• 01.21.08
  business tax   Chinese business tax relief (0)

  this is a tax payable against turnover by all enterprises and individuals undertaking the following business:
  *providing taxable services,including communications,transport,construction,finance and insurance,telecoms,culture,entertainment and service industries
  *transferring the provision of intangible assets
  *selling immovable propertiesx
  The basic formula is :
  Tax payable=turnover x tax rate
  Only a few items can be excluded from turnover.

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• The StartUp Enterprise Development Scheme (SEEDS)
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• Business Grants, Government Grants, Small Business Loans, Womans Grants