portal
  Home About us Reports Charts News Custom Company Scan  
Report Charts News
*
Title Content
Economy&Goods
  Economy
  ConsumerGoods
  Food&Beverage
  Agriculture
Life Sciences
  Biotechnology
  Medical
  Pharmaceutical
Manufacturing
  Automotive
  Chemical
  Energy
  Machinery
  Material
  Metals & Minerals
Public Sector
  Environment
  Finance Service
  Infrastructure
  Logistics
  Real Estate
  Retailing
  Tourism
  Training
Technology And Media
  Electronics
  Internet
  Hardware
  Media
  Software
  Telecommunications

Tel: 0086-10-82600828
Fax: 0086-10-82601570
Email:


 Shanghai Logistics Cos. May Get Tax Rebates
 
CreateTime:2012-03-15     Source:capitalvue.com Editor:phs
Text Size:       
 

Logistics enterprises in Shanghai which pay more taxes under a new pilot program of paying the value-added tax (VAT) instead of the business tax, will get tax rebates, according to an unnamed source, China Securities Journal, citing industry insiders.
Companies in a number of sectors in Shanghai are in the process of transiting into a new system of paying the VAT instead of the business tax, and some of these enterprises have said the pilot program increased their tax burden.
According to a survey of 65 large logistics companies in Shanghai conducted by the China Federation of Logistics and Purchasing, the average effective tax rate during the 2008-2010 period was 1.3 percent, while the rate for companies in the cargo transportation sector was 1.88 percent.
After the launch of the pilot program, these companies had to pay a VAT rate of 4.2 percent.
According to a notice published by related authorities in Shanghai on March 2, companies facing a higher tax burden will get  temporary fiscal support.

 


Related Reports
China Cold Chain Logistics Industry Report, 2020-2026
China Cold Chain Logistics Industry Report, 2019-2025
China Bicycle Sharing Industry Report, 2017-2021
Global and China Third-party Logistics Industry Report, 2016-2020
China Cold Chain Logistics Industry Report, 2016-2020
2005-2021 www.researchinchina.com All Rights Reserved 京ICP备05069564号-1