Businesses with a deficit are not permitted to make a political contribution Withholding Tax on Dividends
Nov 07

On November 2, 2011:

  • Ministry of Economic Affairs (MOEA) suggests:
    The withholding tax on the royalties earned by foreign business entities which have filed a patent application at the Intellectual Property Office under MOEA could be included in the scope of tax exemption under Article 4 of Income Tax Act.
    The Ministry of Finance agrees to evaluate the feasibility of this.

 

  • The Chinese National Federation of Industries (CNFI) suggests amending Article 60 of the Income Tax Act to include goodwill amortization schedule similar to the depreciation system applied to fixed assets.
    The Ministry of Finance agrees to set forth rules allowing goodwill to be amortized as soon as possible to streamline merger and acquisition processes.

written by Good Earth


One Response to “”

  1. 1. jeffery Says:

    overtly@dew.leaders” rel=”nofollow”>.…

    thanks for information….

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