A Special Tax Policy to Northeast China

(NPES International E-commerce Websit , October 28, 2004) - Chinese central government has decided to give special tax policy to North East China allowing the enterprises there to draw back VAT in fix assets when they sell their products, which implies that a printing company can pay no VAT for the first 200 million RMB sales margin if it purchases equipment valued 200 million RMB to build the company. General speaking a company should pay nearly 30 million RMB VAT for 200 million RMB sales margin.