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09 Mar 2007
China will end favourable business tax rates for foreign companies, after long-running complaints that local companies were unfairly treated.
Corporation tax will be charged at 25%. Currently Chinese companies have paid up to 33% compared with as little as 15% for foreign companies.
Finance minister Jin Renqing said the law would be conducive to fair competition and improve the country's economic structure.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
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AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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