• Linkdin
Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
         Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow

General Tax Bureau issues new tax policy for clothing trade

12 Oct '06
1 min read

Recently, General Tax Bureau has declared new rates payable by clothing traders.

The advertisement expense by clothing units can be deducted from 8 percent of turnover, which was 2 percent earlier and the balance can be deducted from next year's turnover.

According to this new policy, units can save RMB600, 000 of tax on a yearly turnover of RMB170 millions.

As clothing units tread from domestic into international markets, more funds are invested on advertisement and this new policy will support such clothing units. Most clothing units have hailed the new policy.

Fibre2fashion News Desk - China

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search