Changing times in China
Series: Plant and Machinery Newsletter ; February 2003, 3(1)Publication details: 2003Subject(s): Summary: Explains the changes to China's importation laws. Under a new notice, which came into effect on 1 October 2002, foreign investors will have to pay duty and VAT first and claim a refund later. If the export status is confirmed, foreign investors will be able to claim the tax refund over a period of five years at 20% per annum. However this could be worrying for foreign investors' cash flow.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3912-10 (Browse shelf(Opens below)) | 1 | Available | 121751-1001 |
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Explains the changes to China's importation laws. Under a new notice, which came into effect on 1 October 2002, foreign investors will have to pay duty and VAT first and claim a refund later. If the export status is confirmed, foreign investors will be able to claim the tax refund over a period of five years at 20% per annum. However this could be worrying for foreign investors' cash flow.