TARIFF AND IMPORT TAXES TO BE LEVIED ON INLAND PRINTED MATTERS CONDUCTED IN HONGKONG AND MACAO

InIn accordance with the regulations as stipulated in Circularon Some Relevant Issues in Levying Tariff and ImportTaxes on Printed Matters Conducted in HongKong andMacao(Promulgated by Decree No.9 of Tariff Regulation Com-mission in 1997), the regulations regarding import duties as stipu-lated in Circular on Measures for Strict Control over Printing inHongKong and Macao, submitted by State Economic Commis-sion, State Planning Commission and Ministry of Finance andapproved by the State Council in its Decree No. 141 in 1985, shallcease to be effective as of July 1, 1997.The Customs, as of July 1, shall levy tariff and import taxesin line with the legal tax rate on inland printed matters conductedin HongKong and Macao. All former pertinent provisions shallbe null and void at the same time.

Tax Levied on Transfer of Foreign Brands

China’s State Administration of Taxationstipulates in its notice concerning the transfertax of Chinese-made products bearing foreignbrands:Ⅰ.In accordance with the currenttaxation laws,intangible asset transfers toChinese enterprises from foreign enterprisesthat do not have representation in Chinabelong to intangible asset transfers withinChina.Business tax should be collected onthose transfers taking effect after January 1,1994.Ⅱ.Business tax should be levied onproject design and service that are not listedon the transfer contract.Ⅲ.The due businesstax of foreign enterprises that do not haverepresentative organs in China should

Levying Inheritance Tax Now?

Whether China should levy inheritance tax has become a hot topic of discussion. One survey about levying such a tax on high-income earners conducted by a consultancy agency of China Youth Daily shows 48.46 percent of 11,203 respondents thought it was not yet the right time while 34.03 percent of them said it was and 17.51 percent were not sure. The survey also shows 52.6 percent of the respondents thought affluent Americans’ giving of money to charity was related to inheritance tax.

Study on the taxation problems and strategies of digital commodities in e-commerce

With the electronic commerce growing rapidly,the expansion of digital commodity transaction scale makes the tax solutions of digital commodity more difficult.There is disagreement on the problems of the attribute of taxation object,the tax jurisdiction definition and the mechanism of tax collection and management.Based on the analysis of the international dispute,and combining with the existing problems in the tax treatment of China,the paper suggests that Chinese government should revise digital commodity tax policy,which clarifies whether digital commodities belong to the service or intangible assets;that online sale of cross-border digital commodities should obey the“consumer(recipient)location”principle and adopt the concept of virtual permanent establishment,implementing reverse taxation mechanism on B2B transactions and the third party tax collection mechanism on B2C transactions;and that the“provider self-declaration and paying tax”mechanism on the in-border digital commodities transaction should be carried out.