Jan 18, 2010
Tax revenues collected in the People’s Republic of China rose by 9.1 percent in 2009 compared to the previous year.
In a statement published by the Chinese State Administration of Taxation on January 15th the department declared that the country’s tax revenues had risen by CNY524.1 billion in 2009, bringing the collections to CNY6.31 trillion (approx. [...]
Tax revenues collected in the People’s Republic of China rose by 9.1 percent in 2009 compared to the previous year.
In a statement published by the Chinese State Administration of Taxation on January 15th the department declared that the country’s tax revenues had risen by CNY524.1 billion in 2009, bringing the collections to CNY6.31 trillion (approx. USD928). The tax revenues growth exceeded Chinese Government set targets by 1.1 percent after an unexpected economic resurgence in June.
Domestic retail sales revenue showed the largest ... Read More
Dec 17, 2009
Increasing fiscal transparency was an important issue in the economic and political spectrum of the 2009 year. With only a few weeks remaining in 2009, December happened to be one of the most active month of the passing year, with Governments around the globe completing efforts made in negotiations of Double Taxation Agreements (DTA) and [...]
Increasing fiscal transparency was an important issue in the economic and political spectrum of the 2009 year. With only a few weeks remaining in 2009, December happened to be one of the most active month of the passing year, with Governments around the globe completing efforts made in negotiations of Double Taxation Agreements (DTA) and Tax Information Exchange Agreements (TIEA).
In an unprecedented step, Switzerland wishes to cease ratification of its DTA with France in protest at the French authorities' handling of account ... Read More
Dec 15, 2009
The world is still suffering from an economic slump, but confidence and business outlook across the globe is beginning to see a marked improvement.
According to research by international law firm Eversheds, published on December 14th, there is a resurgence in business confidence and future outlook across key global economic centres, and the Eastern markets are [...]
The world is still suffering from an economic slump, but confidence and business outlook across the globe is beginning to see a marked improvement.
According to research by international law firm Eversheds, published on December 14th, there is a resurgence in business confidence and future outlook across key global economic centres, and the Eastern markets are showing the most significant improvements. The report engaged 600 senior executives to show the effect of the economic downturn and its results on their confidence in London, ... Read More
Dec 2, 2009
With booming car sales in the last months, experts and Chinese officials are confident that the country’s automobile sales tax cuts will continue next year.
Although there is no official confirmation of any future moves, in his last interview Chang Xiaocun, head of China’s Commerce Ministry’s department of market system development, was quite confident that the [...]
With booming car sales in the last months, experts and Chinese officials are confident that the country's automobile sales tax cuts will continue next year.
Although there is no official confirmation of any future moves, in his last interview Chang Xiaocun, head of China's Commerce Ministry's department of market system development, was quite confident that the Government is interested in extending the auto purchase tax cut program. Additionally to his words, some experts believe that the tax cut program could even be extended ... Read More
