• Wednesday
  • October 22, 2014
  • Last updated: 1:25pm
Hong Kong




Search Results

Results 1 - 10 of 172 for tax

Related topics matching your search

Search results

  1. Property - Hong Kong & China - Tax

    As China drafts property tax law, fate of pilot programme up in the air

    Posted Mar 11th 2014, 02:29pm by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com Confusion over trial property tax The mainland has started drafting a property tax law, but analysts are not sure whether it means a pilot programme already in place for three years will be suspended. A trial tax was imposed in 2011 on owners of spacious, expensive and multiple homes in Shanghai and Chongqing. However, home prices in the two ...

  2. News - China - MAINLAND PROPERTY

    Shanghai property transactions hit 3-year high new despite curbs

    Posted Apr 02nd 2013, 12:39pm by Ernest Kao

    ... and the highest level on record since December 2009. Shanghai and Beijing moved on Saturday to introduce a 20 per cent capital gains tax on second-hand property transactions in a bid to tame overheating ... or divorced borrowers looking to buy homes in the city. Analyst Tang Zhengwei of SouFun Holdings, China’s biggest real estate website operator, said the announcement of 20 per cent profits tax focused ...

  3. News - China - PROPERTY

    News of home sale tax prompts rise in weekend transactions

    Posted Mar 05th 2013, 11:38am by Ernest Kao

    ... reported on Monday. On Friday, the State Council, China’s cabinet, announced a steep 20 per cent capital gains tax on home sale profits - a move which sent mainland property developers’ shares ... sudden policy changes have triggered panic-like trading in the market,” a sales agent, surnamed Wang, said. “However, the 20 per cent tax this time is too high and both buyers and sellers ...

  4. Property - Hong Kong & China - MAINLAND

    Low property taxes fail to curb rise in home prices in Shanghai, Chongqing

    Posted Jan 30th 2013, 12:00am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Levies imposed in 2011 and designed to cool the property markets in Shanghai and Chongqing are too low to have any effect, say analysts Local taxes fail to curb rise in home prices Property taxes levied by the municipal governments of Shanghai and Chongqing failed to curb home price rises because they were set too low, say analysts. They imposed ...

  5. Comment - Blogs - MR. SHANGKONG

    New Hong Kong property tax, a sign of increasing protectionism

    Posted Oct 29th 2012, 04:36pm by George Chen

    ... property tax ”. Some industry watchers claim property curbs will build a “politically correct” Hong Kong under the leadership of its new pro-Beijing chief executive Leung Chun-ying. In the fight ... that the government is considering the introduction of other new property taxes, including capital gains tax. Capital gains tax? How will Hong Kong appear to the global financial community if that happens? ...

  6. Business - Banking & Finance - MR. SHANGKONG

    Shanghai faces taxing issue in tale of two cities

    Posted Oct 08th 2012, 12:00am by George Chen

    ... a rather taxing issue in the tale of two cities When discussing the growing rivalry between the financial centres of Shanghai and Hong Kong, some say the competition is more about personnel than ... is the personal income tax rate. In Hong Kong, most people pay no more than 15 per cent, while in Shanghai the tab can reach 45 per cent. When I mentioned to officials in the Shanghai government what ...

  7. Firms get back part of tax payments

    Posted Jul 10th 2012, 12:00am

    ... Daniel Ren in Shanghai ren.wei@scmp.com Shanghai tax authorities have begun refunding part of the taxes levied on business owners during a trial run in the city of a value added tax (VAT) intended to replace the sales tax. Companies that have paid the VAT are now being compensated by the local government for part of the increase in their tax liabilities, according to taxation ...

  8. Tax overhaul a headache for some in cargo

    Posted Jun 18th 2012, 12:00am

    ... Keith Wallis keith.wallis@scmp.com A programme to overhaul the mainland tax system for logistics, shipping and other cargo firms by replacing business taxes with a value-added tax has ... the Shanghai pilot scheme, value-added tax replaced business taxes on a raft of freight transport-related services from January 1. This made airlines headquartered in Shanghai, including China Cargo ...

  9. New deal boosts firms

    Posted Apr 19th 2012, 12:00am

    ... Wilson Lau With the launch of a value-added-tax (VAT) reform pilot programme in Shanghai since the start of this year, multinational corporations with operations in the city can claim input VAT credits for many purchases of fixed assets, goods and services. The new VAT regulations contain more favourable rules for cross-border transactions than the old business tax (BT) ...

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

    Posted Mar 26th 2012, 12:00am

    ... Daniel Ren in Shanghai ren.wei@scmp.com Mainland authorities have been left red-faced after a reform that was designed to ease tax burdens on service firms ended up levying increased 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 ...




SCMP.com Account