Category

Setting up Rep offices or foreign owned enterprises

• 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% […]

• 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
  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 […]

• 01.18.08
  Local staff tax and salary issues   Chinese business tax relief, Setting up Rep offices or foreign owned enterprises (0)

  Individual income tax rates for domestic taxpayers are the same as for foreigners in China.
  The threshold is RMB1,600 now,but will be 2000 since 1st March 2008.
  mandatory welfare contributions by employers to staff are calculated on a percentage of salary,and include:
  Medical Insurance;Unemployment Benefit;Employment Injury;Insurance;State Pension ;Housing Fund
  The percentages for each contribution vary from city to city.These […]

• 04.23.07
  China grants to foreign investors-Special Economic Zones (SEZ) and Development Zones   Chinese business tax relief, Government Grants, Setting up Rep offices or foreign owned enterprises (0)

  Benefits that China grants to foreign investors are not given in the form of grants.
  Most benefits are in the form of a tax benefit, including value added
  tax, customs and income tax benefits in putting the emphasis on an
  investment in a Special Economic Zone (SEZ) or in special sectors and
  areas.
  The benefits granted are as previously approved […]

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