Chinese tax reform to affect foreign water companies
- From: Vol 8, Issue 4 (April 2007)
- Category: General
- Region: Asia
- Country: China
China is ending its tax incentives for foreign enterprises, which will level the playing field in the water sector. China editor Kathy Liu reports.
On 16 March, President Hu Jintao of the People’s Republic of China signed a new law abolishing the tax concessions enjoyed by many foreign businesses in China, meaning that from 1 January 2008, foreign companies will have to pay income tax at 25%, the same rate paid by Chinese companies. Other favours for foreign enterprises, such as the pre-tax ...
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