Tag Archives: China

EU Imposes Steel Tariffs on China

The EU has provisionally imposed extra trade tariffs on Chinese steel, up to 22.6% on hot-rolled and up to 73.7% for heavy plate steel. The extra import duty and tax is based on EU claims of dumping. Chinese contests this, … Continue reading

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China to Tax Online Search Advertising

China has classified paid-for online search results as advertising, so subject to VAT, expected as 3%. The change comes in from 1st September and will impact not just China’s big sites, like Baidu or Alibaba, but others too. Eamon McNicholas … Continue reading

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China to Broaden VAT Base

China is to broaden the economic sectors liable to VAT, moving over from business tax. In 2016 it is thought China will add services such as catering, finance and construction. Eamon McNicholas Tax Barrister, Accountant http://www.EamonMcNicholas.com

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Labour Mocking Tories by Citing Mao’s Little Red Book

• Responding to the government’s autumn statement, on tax and spending, the Labour shadow chancellor John McDonnell yesterday cited Chairman Mao’s Little Red Book regarding the Tory party courting Chinese investment. • ‘We must learn to do economic work from … Continue reading

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China Puts VAT on Fertilizer

China has announced a 13% rate of VAT on fertilizer. The tax will apply to both domestic supplies and imports. Eamon McNicholas Tax Barrister, Accountant http://www.EamonMcNicholas.com

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China Planning a Nationwide Property Tax

China is planning a new nationwide property tax from 2017. Details are yet to be announced by the National People’s Congress. But it might be a form of withholding land tax, after the pilot schemes introduced in Shanghai and Chongqing … Continue reading

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EU Suffers Anti-Dumping Investigation into Rolled Steel by China

China has announced an anti-dumping investigations into imports of rolled steel from the EU and other countries. Whether this is in retaliation for EU anti-dumping duties, tax, on Chinese steel is unclear. What is plain, however, is that the EU … Continue reading

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