September 02, 2007
Tax rates on interest income of foreigners may follow bilateral tax agreements.
Land value-added tax levied to cool down the property market in Shanghai.
Insurance enterprises allowd to obtain pre-tax deductions of commission expenses for surrendered insurance policies.
Individual income tax on savings interest significantly reduced.
July 02, 2007
Stamp duty reduced to curb securities speculation.
Tax law revised to allow reduction and waiving of tax on savings interest.
Export tax rebate rate for garments dropped to 11%.
Tax policy on sale-leaseback transactions by foreign-invested real property developers clarified.
Taxes on assignment of land should be paid regardless of completion of formalities.
Income from the processing and sale of natural gas entitled to preferential tax treatment.
