China has recently approved a new unified income tax rate of 25% to take effect from 1st January 2008.
However, certain aspects of this new rate have yet to be clarified. Certain businesses can still enjoy a 15% preferential rate. What happens to companies who applied for their business licenses prior to this date ? Will there be grandfathering periods ? What will happen to the preferential rates in Free Trade Zones & Special Economic Zones ? How are tax holidays affected ?
Our Senior Partner, Chris Devonshire-Ellis, met with Vice-Commissioner Wang Li of the State Administration of Tax after the approval of the new unified rate to clear up these issues and obtain guidance on future policies. This presentation will outline the SAT’s position, clarify some of the outstanding tax questions and provide a better understanding of what rates are applicable to what businesses, where, and when.
Spaces are limited for this important presentation, so please book early.