1. Introduction
On June 19th 2006, the Belgian Minister of Finance Reynders and Ho Hau Wah, Chief Executive of Macao signed a double taxation agreement (DTA) between Belgium and Macao. The Agreement, which is based on the OECD Model Convention with respect to taxes on income and on capital, is the third of its kind concluded […]

The central government announced that it is unlikely that China will levy a fuel oil tax in 2005. Until now, China has levied a fixed road maintenance fee from all automobile users, without taking individual fuel consumption into account. Over 270,000 people are employed to collect this tax. Before any fuel tax can […]

The Chinese tax authorities said China’s tax revenue rose by 20.4 pct year-on-year for the first nine months of the year. In a statement on its website it said tax revenue reached 2.32 trln for the first three quarters. That figure does not include customs tariffs and agricultural taxes. Year-on-year growth, standing at 17.8 pct […]

Foreign-funded companies will start paying the same rate of corporate income tax as their Chinese competitors from 2007.

Enterprises that already are subject to textile limitations abroad will not be subject to the export tariffs.

Decision Could Open Door for Multinationals to do Business in China

The national revenue from agricultural tax will be reduced from 23.2 billion yuan in 2004 to around 1.5 billion yuan this year.