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  • July 13, 2014
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  1. Comprehensive take on China's taxation

    Posted Jul 30th 2011, 12:00am

    ... when Bert Kwok began his lecture on the 'Principles of Accounting and Taxation in the PRC' and proved to be an engaging speaker. Kwok is currently an executive partner of ChengHe CPA ... to research more before proceeding. Janet Tong, an accountant, agreed that taxation in China was like a riddle. 'The problem is it changes all the time. That's why I keep on taking courses ...

  2. Tax fairness

    Posted Sep 02nd 2003, 12:00am by Staff Reporter

    ... In light of the budget deficit, quite a number of organisations have proposed a sales tax for Hong Kong. But a sales tax is regressive in character. It places a relatively heavy burden on the poor, whose consumption as a proportion of income tends to be h ...

  3. Threshold for income tax may be raised

    Posted Dec 01st 2008, 12:00am by Staff Reporter

    ... produced by the Ministry of Finance and the State Administration of Taxation, the magazine said. It has already been submitted to the State Council. The report quoted another unnamed source ... mainland citizens earning more than 800 yuan a month, or eight times the average income, became subject to taxation. Since last year, the level has been raised annually. But critics say ...

  4. VAT pilot programme to roll out to other cities

    Posted Jun 25th 2012, 12:00am

    ... and business tax in others will be solved.' According to the Shanghai Taxation Bureau, the reform, affecting 129,000 companies at the end of March, saved taxpayers a total of 2 billion yuan ... launched the reform partly because it gets 75 per cent of VAT proceeds but zero from business tax, which flows into local government coffers. The State Administration of Taxation said 10 cities ...

  5. Idyllic island tax haven lures investors

    Posted Jul 14th 2010, 12:00am by Peta Tomlinson

    ... and sophisticated financial services centre best known for offering low or zero rates of direct taxation for individuals and companies. For residents, this means no capital gains, wealth or inheritance ...

  6. Shops group fears GST impact

    Posted Jul 13th 2006, 12:00am by Staff Reporter

    ... Dikky Sinn and Denise Hung Sales tax seen sending small businesses to the wall and killing HK as a shopping hub Hong Kong will no longer be a shopping hub if a goods and services tax (GST) is imposed, the head of a retail group said yesterday. Political p ...

  7. Land value tax system can propel Hong Kong into the 21st century

    Posted Aug 03rd 2010, 12:00am by Jake Van Der Kamp

    ... implementing land value taxation to target property lying idle in developers' land banks. SCMP, July 23 The roots of this story go all the way back to 1776 when a bunch of perennial whiners in Boston adopted the slogan 'No taxation without representation'. They actually had plenty of representation in their own colonial government, which is where the proceeds of the taxation ...

  8. New deal boosts firms

    Posted Apr 19th 2012, 12:00am

    ... of Taxation in April 2010 entitled: 'Notice Announcing BT Exemption for International Transportation Services'. However, the input VAT paid for purchasing equipment and VAT-able services ...

  9. Call for 3pc levy on luxury goods in HK

    Posted Jan 31st 2012, 12:00am

    ... Denise Tsang denise.tsang@scmp.com Luxury goods such as Louis Vuitton handbags, Gucci couture or Harry Winston jewellery watches could be taxed as a viable option to widen Hong Kong's narrow tax base. Indeed, a 3 per cent tax on luxury goods should b ...

  10. VAT changes seen as easing burden on firms

    Posted Oct 28th 2011, 12:00am

    ... Celine Sun in Beijing celine.sun@scmp.com The central government is set to launch a trial value-added tax for businesses next year, which is seen as a clear signal the leadership wants to support growth by easing the tax burden on business. Premier Wen Ji ...




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