NZ, China Hold Talks To Upgrade Free Trade Pact
New Zealand’s Trade Minister, Tim Groser, traveled to China on February 28, 2015, to engage in talks on expanding the nations’ free trade agreement. The customs authorities of New Zealand and China recently agreed to establish a system to enhance trade facilitation under the existing FTA between the two countries. “The FTA continues to serve […]
China Expands Small Business Tax Break
China’s State Council has doubled the threshold for small companies to benefit from a lower corporate tax rate to those with taxable incomes of up to RMB200,000 (USD32,000), effective from January 1, 2015. The tax break, which has also been extended by one year from the end of 2016 to the end of 2017, allows […]
China’s central bank cuts rates again to boost economy
Last year, China’s economic growth fell to 7.4%, the lowest since 1990 Beijing: China on Saturday cut interest rates for the second time in three months, adding to signs that Chinese leaders are worried that the economic slowdown is deepening too sharply. The People’s Bank of China announced a rate cut on one-year loans by […]
Hong Kong Reviewing Property Tax Measures
Anthony Cheung Bing-leung, Hong Kong’s Secretary for Transport and Housing, has disclosed that the Government will next month present the findings of a review into the impact of stamp duty measures to the Legislative Council’s Panel on Housing. In addition to the increased Special Stamp Duty (SSD) rate (from 10 percent to 20 percent on […]