000 00973cam a2200241 4500
001 WB3912-10
008 030326n2003 000 0 eng u
035 _a(Sirsi) u121751
245 _aChanging times in China
260 _c2003
490 _aPlant and Machinery Newsletter
_v February 2003, 3(1)
520 _aExplains 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.
590 _aWB
650 _aCHINA
650 _aFOREIGN INVESTMENT
650 _aIMPORT VAT
650 _aPLANT AND MACHINERY
650 _aTAX REFUNDS
650 _aCASH FLOW
650 _aTAX EXEMPTIONS
690 _aINTERNATIONAL
942 _n0
999 _c72359
_d72359