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Illegal Parking to be Fined with Heavy Penalties based on New Traffic Regulations

Illegal Parking to be Fined with Heavy Penalties based on New Traffic Regulations

Known as the strict area which encompasses parts of Luohu and Futian districts and marked by Bao’an Road in the east, Beihuan Boulevard and Nigang Road in the north, Xinzhou Road in the west and border roads with Hong Kong in the south. Traffic police will be punishing all acts of illegal parking through heavy [...]

Jan 15 2015, 7:32 am | Posted in Fines and Penalties | Read More »

China’s Agricultural Sector to get Tax Breaks

China's Agricultural Sector to get Tax Breaks

China will be increasing its support for its agriculture sector by renewing selected tax breaks that may have already expired as the government is planning another move to support the economy. The stumbling economy this year has led banks to tolerate risks when they lend, thus further reducing the supply of loans to small time [...]

Dec 5 2014, 8:53 am | Posted in Taxation | Read More »

Beijing Passes Law on Banning Smoking in Indoor Spaces

Beijing Passes Law on Banning Smoking in Indoor Spaces

Beijing legislature have finally passed a ban on smoking in all indoor public places as the country is starting to do similar restrictions at a national level. The new law which will come to effect in June is called a quantum leap by the World Health Organization. As they build an earlier ordinance that will [...]

Dec 1 2014, 8:40 am | Posted in Civil | Read More »

Lesser Developed Countries to Enjoy Zero Tariff from China

Lesser Developed Countries to Enjoy Zero Tariff from China

Soon China will be offering zero tariff preference for around 97 percent of goods that are imported from lesser developed countries. China along with eight Pacific island countries have agreed to create a strategic partnership that will highlight mutual respect and common development. The agreement was announced at a meet between President Xi Jinping and [...]

Nov 24 2014, 7:33 am | Posted in Taxation | Read More »

Changes in Amendments to Increase Fines for Road Violations

Changes in Amendments to Increase Fines for Road Violations

According to the newly drafted amendments to the regulations on traffic offense punishment stated that drivers caught using their mobile phones while driving can be fined 300 yuan. The draft was submitted to the city’s legislature for final review. The fine will not only be limited to the use of mobile phones but also with [...]

Oct 30 2014, 7:40 am | Posted in Fines and Penalties | Read More »

Government Plans to Institute Resource Tax on Coal

Government Plans to Institute Resource Tax on Coal

Last Saturday the government announced their plans to institute a resource tax on coal starting this December. The tax will be set between 2 to 10 percent and the first official number will be issued for the long anticipated plan. That State Council along with the China’s Cabinet stated that the country imposed a new [...]

Oct 13 2014, 7:33 am | Posted in Taxation | Read More »

China to Impose New Tax on Coal Sales in December

China to Impose New Tax on Coal Sales in December

According to Premier Li Keqiang during that executive meeting of the State Council last week, that china is planning to impose taxes on coal starting December 1. The planned new tax will be levied as sales tax to coal and will replace the current tax being implemented based on output volume. Based on China’s resource [...]

Oct 3 2014, 7:45 am | Posted in Taxation | Read More »

SMEs to Get More Government Support by Cutting Down Taxes

SMEs to Get More Government Support by Cutting down Taxes

Premier Li Keqiang said that the Central Government will be increasing its support to small firms by cutting down on their taxes and increasing their subsidies and hope that banks will step up to help them. Companies that have monthly sales revenues between 20,000 to 30,000 yuan will get their taxes waived. To rewards companies [...]

Sep 19 2014, 9:32 am | Posted in Taxation | Read More »

Shenzhen is Second Most Walkable City After Hong Kong

Shenzhen is Second Most Walkable City After Hong Kong

Shenzhen has been rated as the second most walkable city in China after Hong Kong. The report was based on a study done by the Natural Resources Defense Council in which they studied 35 cities in China by walking around, observing safety, comfortableness, government management and convenience that resulted in the most walkable cities that [...]

Aug 29 2014, 7:37 am | Posted in Civil | Read More »

Nationwide Property Tax Likely to be Implemented by Next Year after Trials

Nationwide Property Tax Likely to be Implemented by Next Year after Trials

The country is planning to introduce a nationwide property tax as early as next year once trials in Chongqing and Shanghai will be introduced. The National People’s Congress the top legislative body in China is expecting to wrap up the property tax law this year and set to implement it in 2015. Unlike the trial [...]

Aug 26 2014, 8:28 am | Posted in Taxation | Read More »

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