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The latest product information
from Sakura Corporation
appears on the industry
magazine, JARN |
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THE 8TH INTERNATIONAL CONFAIR, TEHRAN, IRAN |
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SAKURA IRAN ACQUIRE A HIGH REPUTATION |
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SAKURA ALL-IN-ONE SMART SOLUTION, AIR TO WATER |
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SAKURA GHP & DOUBLE EFFECT DIRECT FIRED ABSORPTION CHILLER |
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SAKURA SPONSORS IRAN ANNUAL HORSE RACING CHAMPIONSHIP |
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NEWS(MAY 25, 2008 JARN) |
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ANNOUNCEMENT OF
SAKURA R&D CENTER OPENS |
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IMPORTANT INFORMATION |
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NEWS(MAR 25, 2008 JARN) |
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NEWS(FEB 25, 2008 JARN) |
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NEWS(JAN 25, 2008 JARN) |
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NEWS(DEC 25, 2007 JARN) |
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NEWS(NOV 25, 2007 JARN) |
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NEWS(OCT 25, 2007 JARN) |
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IRAN FOOTBALL VIDEO |
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NEWS(SEP 25, 2007 JARN) |
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NEWS(JUL 25, 2007 JARN) |
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RAISING TAX IN REAL
TERM(CHINA） |
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NEWS(JUN 25, 2007 JARN) |
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NEWS(FEB 25, 2007 JARN) |
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NEWS(JAN 25, 2007 JARN) |
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NEWS(DEC 25, 2006 JARN |
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NEWS(NOV 25, 2006 JARN) |
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NEWS(OCT 25, 2006 JARN) |
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NEWS(SEP 25, 2006 JARN) |
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NEWS(AUG 25, 2006 JARN) |
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NEWS(JUL 25, 2006 JARN) |
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NEWS(MAY 25, 2006 JARN) |
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| RAISING TAX IN REAL TERM (CHINA) |
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CHINA
RAISING TAX IN REAL TERM
Review Tax Refund system on 40% export items
Express a stance to reduce Trade Surplus
Beijing announced on June 19 to take the bold course of raising Tax in real term starting July 01, 2007 on some 40% of whole export items. In real, Increased Value Tax, a kind of VAT having been refunded so far, shall be reduced or swept away. Such a large-scale adjustment is really an exception to show a strong posture of the government aiming to reduce Trade Surplus.
In spite of actual removal of refunding Increased Value Tax being so far applied to a limited items such as Steel Products, expansion of trade surplus did not come to a halt to draw criticism from the States and other countries. Those Foreign-Capital-Affiliated having their base of export in China will be affected by such new governmental arrangement.
Rate of the prevailing Increased Value Tax is 17% and the tax has been so far refunded partially or its whole at the time of exportation to promote export from the country. The intended items of the review this time go for 2,831, or 37% of whole exported items.
Out of those, 553 particular items such as fertilizer, dyestuff, leather and so on requiring high energy consumption and easy to cause environmental pollution, the refund will be swept away completely.
For 2,200 plus items “having a potentiality of causing trade conflict” such as a part of steel, textiles, shoes, toys, paperware, vegetable oil, two-wheeler and so on, rate of refund shall be lowered.
Chinese trade surplus increased $85.7 billion during January-May period this year, which is 83% increase comparing to the same period of previous year.
NOTE to the Article:
Air Conditioner manufactures in China so far enjoyed a refund of 13% at the time of exportation so far while, by this Governmental policy, the refund rate shall be reduced to 9% starting July 01, 2007. Such reduction shall, thus, force those manufacturers raise production cost inevitably.
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