February 2008

The Archives

• 02.17.08
  Property Tax   Chinese business tax relief, Setting up Rep offices or foreign owned enterprises (0)

  At present,this tax is only applied to enterprises with foreign investment,foreign enterprises and foreigners,and levied on residential property only.Taxpayers are owners,mortgagees,custodians and/or users of such property.
  Two different rates are applied to two different bases- a rate of 1.2% is applied to the value of residential property,and a rate of 18% is applied to the rental […]

• 02.17.08
  Land Appreciation Tax   Chinese business tax relief, Setting up Rep offices or foreign owned enterprises (0)

  This is paid by enterprises,units,individual household business and other individuals who receive income from a disposal or other means of transfer with consideration of state-owned land use rights,buildings on land and their attached facilities.
  The tax is based on the balance of proceeds received by the taxpayer on the transfer of real estate after deducting the […]

• 02.17.08
  Resource Tax   Chinese business tax relief, Establish business relationships with Chinese companies, Setting up Rep offices or foreign owned enterprises (0)

  Those liable for this tax are companies or individuals engaged in the exploitation of mineral resources or production of salt.Current rates include:
  Crude oil                          RMB8-30/tonne
  Natural gas                     RMB2-15/1000 cubic m
  Coal                                  RMB0.3-5/tonne
  Other non-metal ores    RMB0.5-20tonne or cubic m
  Ferrous metal ores          RMB2-30/tonne
  Non-ferrous metal ores   RMB0.4-30/tonne
  salt                                      RMB10-60/tonne(solid)
                                               RMB2-10/tonne(liquid)

• 02.17.08
  Tax rates and liabilities   Chinese business tax relief, Setting up Rep offices or foreign owned enterprises (0)

  The first RMB4,800 of your earning in China are tax free.That does not mean you can rush out and declare salaries of RMB 5,000!The tax bureaus are wise to this and will demand to see concrete proof of your earning elsewhere.If you can not provide this they may refuse to register you,effectively immediately making your […]

• 02.17.08
  Salary and treatment-payment for overtime work   Setting up Rep offices or foreign owned enterprises (0)

  Under PRC law,an employer may exrend working hours if such extension is “necessary for production and operation”.Any such extension should not exceed three hours per day or 36 hours per month and the employer is liable to pay additional remuneration as follows:
  on working days-not less than 150% of hourly wage
  on rest days-not less than 200% […]

Doing Business in China

search

recent

• Foreign-invested enterprises and foreign enterprise income tax preferential policies (2)
• Foreign-invested enterprises and foreign enterprise income tax preferential policies
• The StartUp Enterprise Development Scheme (SEEDS)
• The Government of Pakistan approved a package of preferential policies for economic zone
• Business Grants, Government Grants, Small Business Loans, Womans Grants