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Reform to Raise Western China's Tax Income

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Reform to Raise Western China's Tax Income

by CFO Innovation Staff, 08 July 2010
topics:
Accounting and Regulations Tax
tags:
resources tax reform tax income
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To raise the tax income of underdeveloped regions, China is considering expanding the resources tax reform from Xinjian to the western provinces, says the South China Morning Post.

 

According to the Post, companies in the Western provinces currently and will continue to enjoy a 15% corporate tax income, against the 25% standard rate.

 

The Post says the reform will replace the volume-based tax with one that links the tax to resources prices.
 

Original Article URL: 
Beijing may extend tax on resources to western areas
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CFO Innovation Staff
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