ANNOUNCEMENT 06 Sep 2010

In September 2010, the government of China announced a targeted tax change.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



'2010'63
http://www.chinatax.gov.cn/n810341/n810765/n812161/n812542/c1084876/content.html


Inception date: 25 Jun 2009 | Removal date: open ended
Still in force

Tax or social insurance relief

On 6 September 2010, the State Administration of Taxation annouced the Notice No. 63. According to the notice, Taiwanese airlines operating in China are exempted from the business tax, effective directly since 25 June 2009.
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.

AFFECTED SECTORS

 
641 653

AFFECTED PRODUCTS

 
N/A