What are the China inbound taxes (VAT and import duty) for building materials?

My company is a Hong Kong based SMB, decoration material supplier, representing a several overseas brands. Would like to know the import duty and VAT rate for importing Japanese/ Italian products into China for tile, mosaic and as such building material. HS codes 69079000 and 69089000.  HS code 69079000 and 69089000 have in import duty for…

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VAT reform: who wants to save some money?!

In a recent edition of the “China Focus” newsletter, the tax experts at Fiducia reported on the trial tax reforms taking place in Shanghai, in which Business Tax (BT) will be replaced by Value added Tax (VAT). The reforms being tested in Shanghai will eventually be rolled out on a national level (Beijing and other…

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HK’s annual budget speech and what it means for foreign buyers

CSIC corporate sponsor and China expert, Thaddaeus Mueller of www.Fiducia-China.com, in a letter to his clients and friends recently gave an excellent summary of the HK financial secretary’s annual speech. With his permission, Thad’s letter is printed below, but I would like to draw attention to some key point about “profits tax remains unchanged at…

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