The China Daily news service reported this week that from October 20, foreign investors in Beijing who use land for factories and other industrial purposes will face the same taxes as domestic industrial users of land in the Chinese capital.
Traditionally, foreign investors have benefited from exemptions and reductions in relation to China's land-use tax levels. However, as the country is now a member of the World Trade Organisation, it must move towards a more harmonised and equal treatment of foreign and domestic investors.
'Now it is time to clarify and unify the policy regarding foreign investment,' an unnamed government official told the daily newspaper.
It has been suggested that although preferential policies for foreign investors are still in place in some sectors, other factors, such as policy transparency, and a sound legal system, are playing an increasing role in attracting FDI to mainland China.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment