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  • September 17, 2014
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  1. New Shenzhen zone offers cut-price income tax

    Posted Sep 18th 2011, 12:00am

    ... 'The unification of personal income tax is a necessary step, but we also want Qianhai to adopt the spirit of our legal system. So far we haven't seen any breakthrough,' he said. ... Minnie Chan minnie.chan@scmp.com Hong Kong and overseas professionals working in Shenzhen's Qianhai special development zone will only have to pay income tax at Hong Kong rates, ...

  2. Shenzhen utility fees hit shares of developers

    Posted Feb 01st 2007, 12:00am by Peggy Sito, Sandy Li

    ... not to be identified, said the tax should have been included in the acquisition price when the land was bought from the government. 'So far, we haven't received any notice from the government about ... Sandy Li and Peggy Sito Players fear new move to cool property sector as city implements 13-year-old tax Shares of property developers with projects in Shenzhen tumbled yesterday after ...

  3. Shenzhen moves to beat tax cheats

    Posted Jun 15th 2011, 12:00am

    ... Peggy Sito peggy.sito@scmp.com Transaction costs on sales of flats in Shenzhen could rise next month when the municipal government begins levying an alternative tax aimed at tackling sellers evading taxes on gains from their flat sales. From July 11, the city government will impose a transaction tax on home sales in the secondary market based on a reference price determined ...

  4. If tax fraud is the national sport Hong Kong is China's stadium

    Posted Jan 04th 2011, 12:00am by Tom Holland

    ... with Tom Holland Value-added tax fraud is booming in China. As Ren Wei explains on the front page of today's Business Post, a thriving industry has grown up around diddling the VAT man, with mainland businesses buying and selling illicit VAT invoices in order to minimise their tax payments and maximise their profits. The scale of the racket is enormous. According to one ...

  5. Tourism fears over customs tax rules

    Posted Oct 27th 2010, 12:00am by Paggie Leung

    ... Paggie Leung The impact on Hong Kong would be huge if the mainland customs adheres strictly to its tax rules on charging duty on items bought by cross-border visitors and mainland residents, the Hong Kong Tourism Board's chief said yesterday. 'We would like to liaise with the customs department at Shenzhen about the tax rule because it referred to the rule recently ...

  6. HK market falls despite stimulus vow

    Posted Jun 01st 2012, 12:00am

    ... Anita Lam and Charlotte So Beijing's pledge of a stimulus package for seven new industries on Wednesday failed to bolster the Hang Seng Index, which fell by 307 points at one point yesterday. Even environmental stocks, which will be direct beneficiar ...

  7. Mainland sales off to weak start as tax rule takes effect

    Posted Jan 06th 2010, 12:00am by Yvonne Liu

    ... No deals were recorded in Lo Wu district, the city centre of Shenzhen, in the first two days of the New Year. Lau said the sharp fall in property sales was due to the reinstatement of a tax rule, effective from January 1. From this date, buyers once again have to pay a 5.5 per cent business tax if they resell their properties within five years, ending a relaxation of the lock-up period ...

  8. News - China

    Qianhai economic zone chief says it won't compete with Hong Kong

    Posted Jun 28th 2013, 12:00am by George Chen

    ... tax rate for Hong Kong and foreign employees, click here. ...

  9. Mainland tax reform expected to target high-end sector first

    Posted Nov 21st 2007, 12:00am by Peggy Sito

    ... Peggy Sito High-end residential units and luxury villas are expected to be the first targets of tax reform that the central government will launch soon. The move would further sour ... a property tax, likely to be an annual levy based on the size of residential units. It has not yet announced what the tax rate will be or how it will be implemented. In Hong Kong, homeowners ...

  10. HIT loses tax battle against revenue office

    Posted Dec 05th 2007, 12:00am by Denise Tsang, Enoch Yiu

    ... to 1994 involving more than HK$1 billion in back taxes. The five judges of the Court of Final Appeal yesterday unanimously allowed the revenue department's appeal against HIT and confirmed a decision disallowing the port terminal operator's tax deduction on interest payment for its US$1.73 billion note issuance to finance its port development project in Shenzhen in 1994. ...




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