An overview of the turnover tax system in China and the tax-planning opportunities for foreign investors

Article Abstract:

Foreign investors thinking of doing business in the People's Republic of China should be aware that the tax laws enacted at the beginning of 1994 have done much to close the opportunities for tax evasion and avoidance. Local tax authorities are no longer able to grant exemption or reduction of taxes. Feasibility studies and evaluation of cash flow projections are essential before investments in Chinese corporations. The advantage of the laws is that they make the country's tax system simpler and more unified, which should promote market competition.

Tax policy, Consumption taxes

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Customs duty and value-added tax on importation of capital equipment to the People's Republic of China

Article Abstract:

The People's Republic of China reformed its tax law to encourage foreign investment focusing on capital equipment imports. Foreign business enterprises are encouraged to invest with value-added tax and customs duty exemptions for specified imports if they succeed in the formal approval process. Government circulars define the scope and timing of the tax benefits, but some clarification is necessary.

Industrial equipment, Tariffs, Tax incentives

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Value-added tax in the People's Republic of China: its implementation and impact on foreign investors

Article Abstract:

The authors discuss law and planning strategies concerning value-added taxation in China. Foreign investment in China has been discouraged by the unstable Chinese taxation system and the Asian economic problems in the 1990s. The Chinese government has successfully instituted certain policies to address the lack of international confidence and encourage investment.

International trade

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