National treatment of foreign capital "super" ending in China next month

Next month, foreign-invested enterprises, foreign enterprises and foreign individuals also have to pay the urban maintenance and construction tax and education expenses surtax. To this end, the United States consumer news and business channel (CNBC) reported this morning, the foreign investment in China honeymoon period to an end, China plans to end tax on foreign policy.

According to a Xinhua report, 17, the State Council decided, on foreign-funded enterprises 2010 1 December (inclusive) after tax of VAT, consumption tax, business tax levied on urban maintenance and construction tax and education expenses surtax.

To this end, waimei reported that 30 years ago, China to new investment in China's enterprises to give substantial tax preferential policy. This allows China to attract investments of nearly 7000 billion, thereby helping China to become the fourth largest economy in the world. However, it is of special concern to foreign companies, but also attract Chinese companies constantly complain.

Reported that China intends to implement equality of taxation policy, increase taxes to foreign companies, balancing domestic companies. For this change, the report said, this is what the Chinese want to let the existing laws more modern part of the campaign to bring the law and the enormous changes in the Chinese economy and the pace.

At the same time, this is honoured the commitment of the World Trade Organization, the equal treatment of all enterprises.

Reports cite a consultant, now to determine what are the effects of the foreign enterprise is still too early. But to the business plan does not have any big change, because many enterprises still being attracted by China, and attract foreign enterprise is that China's cheap labor and 13 million people of huge consumer market.

The associated press reports that China plans to end tax on foreign policy, will enable Chinese year tax increase 55 billion. But the Chinese Government does not want this change impacts of foreign investment in China.

Pengboshe that China will charge to foreign companies, two tax and Chinese companies have started to turn both of these taxes. With the rapid development of China's economy, China is getting rid of all these attract foreign investment by special factors.

To this end, the Xinhua article reports that 2010 is a foreign-invested enterprises in China new year of operation. For nearly 30 years with the market for technology and national treatment to foreign company-the official end of the era. The article calls for the transformation of China foreign adaptation strategies to restructure the economy brought about by a series of new changes.