Tax

Time limits for depreciation of telecommunications equipment adjusted.

Many exports from China are subject to higher net value-added tax (VAT) costs under a notice effective from July 1 2007.

Tax reduction for venture capital investment enterprises investing in unlisted technology SMEs.

National LegislationECONOMIC POLICYSeveral Opinions on Accelerating the Promotion of Reform and Development of Industry Associations and Chambers of Commerce关于加快推进行业协会商会改革和发展的若干意见L2110/07.05.13ENVIRONMENTAL…

Reduction and exemption of income tax of newly-established enterprises clarified.

National LegislationCUSTOMS Measures for the Administration of Zhuhai Zone in the Zhuhai-MacaCross Border Industrial Zone珠澳跨境工业区珠海园区管理办法L5920/07.03.08ECONOMIC…

Set-off of Value-added tax on purchases relating to imports clarified.

Land value-added tax of 1% levied on newly-established premises in Beijing.

Avoidance of double taxation issues between Hong Kong and the mainland clarified.