Payment | Chinese walker

Purchase Contract

January 21st, 2009 No comments

Purchase Contract

合同编号(Contract No.): _______________

签订日期(Date) :＿＿＿＿＿＿＿＿＿＿_

签订地点(Signed at) :＿＿＿＿＿＿＿____

买方：＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿

The Buyer:＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿

地址：＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿

Address: ＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿

电话(Tel):___＿＿＿＿＿＿＿＿传真(Fax):＿＿＿＿＿＿＿＿＿＿

电子邮箱(E-mail):＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿
Read more…

Categories: Doc sample Tags: bank, china, Commission, Contract, Credit, Economic, marke, payment, PURCHASE CONTRACT, settlement, sustain

SPECIAL TAX TREATMENTS AND APPLICATION ( TAXATION ON LANDED PROPERTY RENTAL INCOME )

January 18th, 2009 No comments

Rental income from properties owned by non-resident foreign investors are subject to the following taxes: -

Type of tax Rate

Income tax 20% on rental income
Business tax 5% on rental income
City property tax 18% on rental income

Categories: Tax Tags: Agreement, BUSINESS, DEED TAX, income, Investors, LEASE, payment, PRC, Property, STAMP TAX, tax, Taxation, taxes

Legal authority
The PRC Tax Levy and Administration Law and its Detailed Implementation Regulations
Tax registration
Every foreign investment enterprise (FIE) shall apply for a tax registration at both the national tax office and local tax office.
Types of tax registration:-

National income registration and local income tax registration. Both registrations are mandatory and the registration application must be submitted within 30 days of obtaining the business license from the local office of “State Administration of Industry and Commerce” at the city level or above;

Categories: Tax Tags: Administration, BUSINESS, china, ENTERPRISE, financial, income, Investmen, Investment, payment, policies, PRC, Property, Regulations, tax, taxes, VAT

Officials of State Administration of Taxation Elaborated on Highlights in the Implementation Regulations of PRC Enterprise Income Tax Law

January 17th, 2009 No comments

It has been a 13-year journey from the preliminary work in 1994 to the passing of thePRC Enterprise Income Tax Law (referred to as “the EIT Law” hereafter) on 16th March 2007, which marked the completion of the unification of two tax systems for domestically funded and foreign funded enterprises in China. It is a system innovation in the process of building socialism and a harmonized society within the country. To reap the benefits of the new tax system depends very much on its implementation in an effective manner. A few days ago, the State Council announced the long-awaited Implementation Regulations of the PRC EIT Law (referred to as “the Implementation Regulations” hereafter), which is to come into play with the implementation of the EIT Law.

Enterprise Income Tax Law of the People’s Republic of China

January 17th, 2009 No comments

Enterprise Income Tax Law of the People’s Republic of China

Order of the President of the People’s Republic of China
(No. 63)

The Enterprise Income Tax Law of the People’s Republic of China, which was adopted at the 5th Session of the 10th National People’s Congress of the People’s Republic of China on March 16, 2007, is hereby promulgated and shall come into force as of January 1, 2008.

What is the policy consideration to increase the VAT rate for extracts of metallic mineral product and non-metallic mineral products from 13% to 17%?

January 15th, 2009 No comments

In the 1994 tax reform, the price and allocation for some part of mineral products were still regulated under state planning due to historical issues. As from May 1994,the tax rates for extracts of metallic and non-metallic mineral products were adjusted from 17% to 13% to stabilize and develop the excavation industry. But that also brought along some issues:

Categories: Tax Tags: Credit, ENTERPRISE, Environment, Historical, payment, tax, VAT

The VAT regulations have been amended in the following five areas:

January 12th, 2009 No comments

The first is to allow deduction of the input VAT for purchased fixed assets. Before the amendment, input VAT is not allowed to get deducted from the output VAT. The production type VAT system is adopted and that has increased the tax burden of the enterprise buying the machinery and equipment. To reduce the tax burden, the revised VAT regulations remove the practice of such non-deduction, and allow the taxpayer to deduct the input VAT for purchased fixed assets. That helps achieve the transformation of the production type VAT system to one of consumption type.

Categories: Tax Tags: Administration, amendment, BUSINESS, Businesses, china, consumption, ENTERPRISE, growth, payment, policies, Regulations, tax, taxes, VAT

Credit Card Instalments

January 3rd, 2009 1 comment

In order to fulfill consumption needs of the cardholders, ICBC has launched instalments of Peony International Credit Card and Peony Credit Card (hereinafter as “Peony Card”). If the cardholder applies for instalments while consuming with Peony Card, he/she would repay the instalments amount each month, which not only fulfills your need for funds flow, but also gives you a new tool for flexible financial management.