Other Briefings
VAT rebate reduction update
As many of Dezan Shira & Associates clients and China Briefing Blog readers will know, the Chinese government has reduced the amount of VAT rebates applicable upon export of some 2,831 different types of products in a circular that takes effect from this Sunday, July 1, 2007. This was anticipated in the May issue of […]
FIEs to get tax rebate for hiring disabled Chinese workers
Foreign companies with disabled Chinese workers on their payroll will qualify for tax rebates from next year according to a recent announcement issued by the State Administration of Taxation. According to the announcement, the maximum tax rebate per disabled worker will be RMB35,000 a year. Further, disabled workers will be exempt from paying income tax […]
SAT releases IIT figures
Over 1.5 million people filed a 2006 personal income tax return the State Administration of Taxation (SAT) announced yesterday. According to the agency’s figures, 1,628,706 individual income tax returns were filed by April 2, the deadline for filing the required self-declaration for high-income earners. This was the first year China required its high-income earners, those […]
