production taxes
2.Through various measures, such as providing free farm tools and production capital, reducing and exempting agricultural and animal husbandry taxes, and issuing interest-free or low-interest loans, the Chinese government has made remarkable achievements in supporting the rural economic development of the areas inhabited by minority peoples (see Table 4).
3.On June 15th the Board of Investment (BoI) finalised a range of incentives for the production of such vehicles, and the government has also approved a large cut in excise taxes.
4.To respect the folkways, customs and religious beliefs of ethnic minorities and satisfy their needs for special articles of daily use, the state guarantees the production of more than 4,000 varieties of ethnic articles, which fall into 16 categories, such as garments, shoes, hats, furniture, silks and satins, foodstuff, production tools, handicrafts, ornaments and musical instruments. It has also extended some preferential policies, such as setting up special production bases, giving priority to the guarantee of production capital and the supply of raw and processed materials, reduction of and exemption from taxes, low-interest loans, transportation subsidies, etc.
5.4 NTEC will pay DTC for any cost incurred on its behalf as well as all taxes, levies and fees relating to the production of the Product.
6.From time to time, policy makers in this country have espoused value-added taxes (VATs) , which are assessed all along the chain of distribution on the difference in value between the cost of the goods and services used in production (inputs) and the price that the end products (outputs) are sold for.
7.On 20 May, the State Administration of Taxation issued the Circular on Several Issues on Exemption of Corporate Income Tax with the Investment Contributions by Purchasing Domestic Made Equipments by Foreign Invested Enterprises and Foreign Enterprises which clarified the exemption of corporate taxes with production lines, integrated equipments, equipments simply assembled with imported spares, domestic made equipments purchased in additional investments, domestic made equipments investments in merger or separation of enterprises.
8.The military industrial enterprises enjoy the same series of preferential policies and reform measures the central government offers for facilitating the operation of enterprises and follow the contract responsibility system. As is stipulated in their contracts, these enterprises will surrender a portion of their profits to the government in addition to taxes. The remaining profits produced by civilian goods will be mostly used to boost production of such goods and improve the lives of those working for the enterprises.
