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Thread: Tax for Foreign Enterprises Rises
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[quote=SERENA07,228066]According to the latest Enterprise Income Tax Law (Draft), the income tax for enterprises with foreign investment and foreign enterprises will rise up to 25%, the same as the tax for domestic enterprises. Comparing with the former 5% income income tax for those foreign companies, the markup is so geat that it means the favourable policies and preferential treatment of Chinese Government towards foreign enterprises are past. [/quote]
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