• Sun
  • Aug 31, 2014
  • Updated: 6:55am

Value Added Tax

New VAT may drive China's mobile operators to cut costs

The value-added tax that the mainland's telecommunications companies face later this year might force the three wireless operators to cut expenses, including subsidies promoting smartphone usage, analysts say.

Saturday, 8 March, 2014, 1:01am

Tax relief for more mainland companies

Vice-Premier Li Keqiang has pledged to expand a trial programme overhauling the tax system to more industries and regions, underlining Beijing's urgency in boosting businesses that are key to creating jobs.

23 Oct 2012 - 4:19am

Beijing readies trial VAT for services

Beijing is in the early stage of a trial to put a value-added tax (VAT) on services as part of an overhaul of its tax laws.

17 Oct 2012 - 2:59am

VAT pilot programme to roll out to other cities

Beijing is likely to expand a trial reform of value-added tax (VAT) to more cities this year as it seeks to increase tax revenues from the service sector.

25 Jun 2012 - 12:00am

New deal boosts firms

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.

19 Apr 2012 - 12:00am

Call for 3pc levy on luxury goods in HK

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 be introduced, according to a survey earlier this month of 200 Hong Kong-based members of CPA Australia, a global accounting organisation.

31 Jan 2012 - 12:00am


Tax sales to beat offshore profit havens

Sally Tang Mei-ching of the League of Social Democrats ('Rich must pay higher tax rate', September 21) is in alignment with US President Barack Obama who wants to increase taxes for America's richest citizens in accordance with a suggestion by billionaire investor Warren Buffett.

26 Sep 2011 - 12:00am

Home sales rebound runs out of steam

A rebound in the secondary market's home sales ran out of steam last week, on an absence of positive factors to entice more buyers to enter the market, according to real estate agency Ricacorp Properties.

27 Jul 2011 - 12:00am

Ministries at odds over luxury goods tax level

The mainland's love affair with Gucci and Prada is causing headaches for top officials with the commerce and finance ministries at loggerheads over whether to cut the import tax on luxury goods.

1 Jul 2011 - 12:00am

Shutdown fears for textile factories

Hong Kong garment makers with factories across the border have warned of a tidal wave of shutdowns if the central government slashes value-added tax rebates on exports.

20 Jun 2011 - 12:00am