Starting from April 1, value-added tax will be waived for small enterprises that pay a three percent tax rate. Shanghai Mingyan Enterprise Management is one of such small firms that would benefit from such exemption. The company manages 25 fresh markets in town, but alm...
Income tax shall be levied at a reduced rate of 15 percent within five years from its establishment for qualified enterprises engaged in manufacturing and R&D in key fields including integrated circuits, artificial intelligence, biomedicine and civil aviation. Qiu Ciyun, CEO of Shanghai ZINGSEMI semi...
Worse yet, the tax legislation is riddled with provisions that will dramatically increase inequality and limit economic and social mobility. By cutting the top income-tax rate, doubling the threshold at which inheritances are taxed, and lowering taxes on pass-through businesses, the legislation am...
According to the plan, a tax system and policy with international competitiveness will be implemented in the area. Income tax shall be levied at a reduced rate of 15 percent within five years from establishment for qualified enterprises engaged in manufacturing and R&D in key fields including integ...
It is said that only select sectors in the free trade pilot area (FTPA) would be granted a lowered 15 percent corporate income tax rate. Leonard Khaw, deputy national tax leader of Deloitte China, said the government will not be providing too many tax incentives. It is mentioned that ...
With the planned elimination of the distinction between ordinary and non-ordinary housing, the unified tax rate is now set at 1 percent. In terms of VAT on property sales, Shanghai plans to exempt individuals from a 5-percent VAT on the sale of non-ordinary properties that have been owned...
When you hear about "first-home mortgage," it simply means getting a loan to buy your FIRST house at a lower interest rate. But here's the deal: If you want to deduct the interest you pay on that loan from your taxes, you'...
Income tax shall be levied at a reduced rate of 15 percent within five years from its establishment for qualified enterprises engaged in manufacturing and R&D in key fields including integrated circuits, artificial intelligence, biomedicine and civil aviation. ...
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