The value-added tax in China: identifying important issues

Article Abstract:

China's value-added tax (VAT) has global implications, since China is the largest country using a VAT system. A survey conducted on the tax indicates many respondents are concerned about the VAT's effect on global competition, inflation, and cash flow. The lack of proper training of tax administrators is cited as another problem area. The VAT's introductory period is considered to have been too short and should have been more carefully planned. Additional research is needed on Chinese noncompliance with the law, and a comparison with other VATs, such as those in Europe, should be undertaken.

Laws, regulations and rules, Value-added tax

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Tax incentives of joint ventures in China

Article Abstract:

Corporations can substantially benefit from joint ventures conducted in China because of the tax incentives offered by the Chinese government to increase foreign investment. Several zones and industries are the targets of the incentives which can save from 5% to 35% in income taxes in the initial two profit-realizing years. Incentives include income tax exemptions for ventures with ten years or longer terms and customs duties exemptions for exports.

Taxation, Joint ventures, Tax incentives

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Recent development of tax system reforms in China: challenges and responses

Article Abstract:

The comprehensive tax reforms introduced by the Chinese government in 1994 are discussed. Significant changes in the law with respect to direct and indirect taxes and harmonization of taxes are outlined, and remaining problems in the Chinese tax system are addressed.

China, Management, Tax reform, Harmonization of laws

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