Home News Business Culture&Education Model Districts Investment People Photos
Site Search
 
 
Home / Investment

Dalian: taxes from foreign businesses exceed 100m yuan

Updated: 2011-02-12

In Dalian, a port city in Northeast China's Liaoning province, three new categories of taxes from foreign enterprises surpassed 100 million yuan in January, local newspaper Peninsula Morning News reported Friday.

According to the circulars issued by the State Council and Ministry of Finance last year, taxes on urban maintenance and construction, as well as additional education fees, were implemented Dec 1. An additional local education tax would be charged beginning Jan 1 this year from foreign enterprises.

Foreign enterprises and individuals were previously exempt from these taxes, while the local companies were not immune to the taxation.

Figures from Dalian's local taxation bureau show foreign enterprises in Dalian contributed 108.93 million yuan ($ 16.54 million) to the new taxes by the end of January. That marked the end of preferential treatment toward the foreign and foreign-funded enterprises.

Of the total revenue, the urban maintenance and construction tax contributes 69.41 million yuan ($ 10.54 million), additional education fees amount to 29.71 million yuan ($ 4.51 million) and additional local education tax pays 9.81 million yuan ($ 1.49 million).

The additional education fees are used to develop local education. The additional local education tax is 2 percent of the total amount of the value-added tax, consumption tax and business tax combined.

Dalian is home to 2,961 foreign enterprises.

By Chen Keyu

 
Events
2010 China (Tieling) Int'l Commodity Business Expo opens
New park will host corporate headquarters
2010 China (Dalian) International Garment and Textile Fair
IT software fair kicks off
Earliest 'bird' fossil on display in Liaoning Pavilion
4th Magnesium Expo to be held in Shenyang in September
First Bohai Rim Economic Circle & Hubei Investor Cooperation Seminar held in Shenyang
Liaoning coastal cities attract 162 billion yuan investment
Focus
2011 Liaoning Annual Sessions
Liaoning, a fast developing province
2010 China (Dalian) International Garment and Textile Fair
Invest in Dalian
 
| About China Daily | Advertise on Site| Contact Us | Job Offer |
Copyright 1995 - 2010 . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.