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China Waives Tax for BPOs

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China Waives Tax for BPOs

by CFO Innovation Staff, 13 August 2010
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Accounting and Regulations Tax
tags:
China regulations outsourcing tax exemption
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Service-outsourcing companies located in 21 cities across China will temporarily be exempted from paying sales tax, reports the China Daily.

 

Citing the new policy, the Daily says that firms specializing in information technology outsourcing, business process outsourcing and knowledge process outsourcing, don't have to pay sales tax until December 2013.

 

Jin Hui, tax director at Neusoft Corporation, China's largest software outsourcing firm, told the Daily that the tax-free policy is good news for  smallers firms, because most big companies have already enjoyed a business tax exemption since the start of this year. "I think for smaller IT outsourcing companies, the tax wavier could help them double their revenue each year," Jin told the Daily.
 

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Outsourcers to get temporary tax-free status
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CFO Innovation Staff
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