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% […]
• 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
• […]
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 […]
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.
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 […]