September 02, 2007
Insurance enterprises allowd to obtain pre-tax deductions of commission expenses for surrendered insurance policies.
Individual income tax on savings interest significantly reduced.
July 02, 2007
Stamp duty reduced to curb securities speculation.
Export tax rebate rate for garments dropped to 11%.
Tax policy on sale-leaseback transactions by foreign-invested real property developers clarified.
Taxes on assignment of land should be paid regardless of completion of formalities.
Income from the processing and sale of natural gas entitled to preferential tax treatment.
Tax law revised to allow reduction and waiving of tax on savings interest.
Many exports from China are subject to higher net value-added tax (VAT) costs under a notice effective from July 1 2007.
Time limits for depreciation of telecommunications equipment adjusted.
