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New On The Lowtax Network Today
This feed is published daily with selected new or updated
content from across the Lowtax Network. For a list of Lowtax Network
sites, many of which feature daily news, see
below. |
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| TODAY 11/03: Estonia
Summary PBTG Guide, added to Personal Business Tax Guide |
| 10/03 Lowtax
Labuan, annual update |
| 09/03 Word
Search Puzzle, on Lowtax |
| 08/03 Jobs
For All,
Jeremy Hetherington-Gore blog |
| 05/03 Belgium
Summary PBTG Guide,
added to Personal Business Tax Guide |
| 04/03 New
Lowtax Editor Column,
by Kitty Miv |
03/03  Personal
Business Tax Guide, PBTG, has launched!
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| Providing essential tax news and information
for globally mobile artists, contractors, entrepreneurs, professionals,
small businesses, sportspersons and entertainers. |
| 02/03 Personal
Equity Investment In 2010: Not Just For Expats…, Investors Offshore special feature
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| 24/02 Lowtax
Cyprus, annual update
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| 22/02 Lowtax
Brunei, annual update
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| 17/02 Dubai
- A Stately Business Dome Decreed, Investors Offshore special feature
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| 15/02 Lowtax
Australia,
major content expansion
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| 27/01 Lowtax
Germany, major content expansion
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| Lowtax Network Sites |
| Lowtax Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| NEW! Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
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| China To Enforce Tax And Registration System For E-Commerce |
by Mary Swire, Tax-News.com, Hong Kong
Monday, February 08, 2010
In accordance with "Internet Information Services" (State Council Order No. 292), the Beijing Bureau of Industry and Commerce, responsible for business registration and regulation in China, said it wishes to revive 2008 plans to register and tax e-commerce in order to 'standardize its regulation and combat illegal Internet activities, promoting the integrity of the system'.
“Like any other area of business, web commerce should be registered and taxed according to the law,” Wu Song, an official with the press office of the Beijing Bureau of Industry and Commerce was quoted as saying by China's Global Times. Beijing first announced the web store registration and taxation policy in August 2008, but no shops have registered to date because the policy was not enforced.
The registration fee is likely to vary according to area between RMB100 to RMB200 (up to USD29), and the taxation on sales would be 3% according to local press reports. More effective promotion of the system is likely to be rolled out by mid-March, ostensibly for 'consumer protection' purposes.
No details were given as to how the system would be enforced, but it was suggested that penalties could range from a warning imprinted on the respective website, damaging to the reputation of the trader, to complete shut-down of the website.
The Beijing Bureau of Industry and Commerce would probably proceed with enforcement initially where consumer complaints were received; some 4,700 consumer complaints were investigated in Beijing in 2009, leading to 1,067 prosecutions.
The China Internet Network Information Center has estimated that e-commerce sales amounted to about 2% of total consumer goods retail sales in 2009, growing 94% in the year to a total of USD36.6bn.
A comprehensive report in our Intelligence Report series
examining the new possibilities that offshore e-commerce open up for business,
and analysing the offshore jurisdictions that have led the way in offering professional
e-commerce regimes for international business, with a particular focus on e-gaming,
is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp
and a description of the report can be seen at
http://www.lowtaxlibrary.com/asp/description_report6.asp
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| THE LOWTAX LIBRARY
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tax-planning in depth, including banking secrecy, the EU's savings tax
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Reports are available for immediate downloading or as subscription
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