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  • August 23, 2014
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  1. HK 'day trips' get the chop as bonded logistic park opens

    Posted Feb 02nd 2010, 12:00am by Charlotte So

    ... and Guangzhou Airport last week opened a bonded logistic park at the Guangzhou Baiyun International Airport in the mainland's effort to fast-track certain tax rebates and cut down on tax cheats. ... production in the nation, can send products to the logistics park to get their tax rebate. The customs logistic park should mostly eliminate the 'Hong Kong one-day trip' by shortening ...

  2. 'Tax relief' measure leaves some firms paying more

    Posted Mar 26th 2012, 12:00am

    ... payments. A poll conducted recently by the China Federation of Logistics and Purchasing showed that two-thirds of 120 corporate respondents paid more under the new business-tax regime since the new rates took effect in Shanghai on January 1 under a pilot scheme. The mainland's service firms, including logistics service providers, were subject to a sales tax of 3 per cent before ...

  3. Call for tax relief

    Posted Dec 21st 2007, 12:00am by May Chan

    ... May Chan Taxation experts have called for exemptions for the logistics industry in the face of increasing competition from nearby cities. This is among 2008-09 budget proposals from ... increasing production and operational costs of the logistics sector were making Hong Kong uncompetitive in the global market. The institute suggests a 50 per cent reduction in the tax on profits ...

  4. Underwriting the risks of the shipping business

    Posted Apr 13th 2012, 12:00am

    ... Wong Yat-hei Larry Kwok Ming-tat (left) has a law and logistics education background. He started his career in insurance as a claims executive in the Shipowners' Protection ... academic background? I studied for my bachelor in business transport and logistics management from Royal Melbourne Institute Technology University. I obtained my LLB from Manchester Metropolitan ...

  5. PC-making city looks to investment groups for aid

    Posted Apr 12th 2012, 12:00am

    ... and trading company, plans to invest US$120 million in Huaqiao for the construction of a 60,000 square metre technology park for Dell. Separately, Kerry Logistics is to set up a HK$256 million component logistics centre for imported luxury cars. Kunshan municipal government signed an agreement with 15 companies and institutes yesterday worth a total of US$780 million, including deals ...

  6. Beijing to expand tax reform trial

    Posted Jul 27th 2012, 12:00am

    ... including Beijing, Tianjin and Anhui, from August 1, Xinhua reported. The reform was aimed at easing the tax burden on companies in the logistics and 'modern service' sectors, but the pilot scheme in Shanghai proved unsuccessful, with about two-thirds of business owners seeing increases in their tax liabilities. Under the reform, logistics service providers and other service ...

  7. Firms get back part of tax payments

    Posted Jul 10th 2012, 12:00am

    ... reform in January this year, replacing sales tax with VAT for logistics and 'modern service' companies. The reform was meant to ease their tax burdens, but a poll conducted by the China Federation of Logistics and Purchasing showed that two-thirds of 120 corporate respondents ended up paying more under the new system. Logistics service providers were subject to a tax of 3 per cent ...

  8. Business Digest

    Posted Aug 06th 2012, 12:00am

    ... as demand weakens China Qinfa Group, the nation's largest privately owned coal trading and logistics firm, said first-half profits were expected 'to be significantly less' than ...

  9. Real estate funds eye China market

    Posted May 24th 2012, 12:00am

    ... years before exiting their investments,' this fund manager said. Most funds would prefer to invest in less risky property such as offices, logistics and business parks, which allow ... and logistics centres could help to raise the investment yield to 6 or 7 per cent a year, compared with 4 per cent for retail and office properties. Between now and 2014, Savills Property Services ...

  10. Tax breaks for mainland firms in go-global push

    Posted Jul 04th 2012, 12:00am

    ... should support private companies in establishing distribution centres, exhibition facilities and logistics networks overseas, it adds. The document calls for the speeding up of customs, ...




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