CONFIDENTIAL
Hong Kong-China Economic Developments:
March 1983
Tax relief for investors in China
1.
PA HKK 091/1.
2522/24
Monthly Notes: MKK0911
ERGYDEN MGSPY NO. 51
2 3 APR 1983
INDS
1
لحساسة
TRY
CM2514
The Ministry of Finance announced the implementation of provisional regulations with effect from Januá
January 1982
to halve the present 20% rate of taxation on royalties
earned in China by foreign firms and enterprises in the
fileds of agriculture, energy development, communications
and transport, education and scientific research. In the case of particularly advanced technologies the income tax
on royalties may be totally exempt.
2.
This was one of the measures designed to further promote investment in China announced by the Director of the Administration of Accounting Affairs of the Ministry of
Finance, Professor YANG Jiwan at a seminar in Hong Kong on 30 March. The seminar "Doing business in China: financial
Deloitte, was organised by management consultants
Haskins and Sells and sponsored by Hong Kong's Chinese
aspects"
-
-
Professor YANG was
Manufacturers' Association (CMA).
accompanied by three other experts from the China Accounting
Society (established in 1980).
(18)
Shanghai Foreign Tade Zones
-
3.
The Director of Shanghai's Municipal Bureau of Finance, GU Shuzhen, (who also attended the CMA seminar
para 2
above) addressed a meeting of the Australian Society of
Accountants (Hong Kong) on 28 March on the subject of new foreign trade zones set up in Shanghai. GU said that
60 investment projects had been offered by the city last year and a further 300 had been proposed recently.
Letters
CONFIDENTIAL
/of intent
...
No comments yet.
Private notes are available after approval.