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Shanghaiearl
Seeker
Joined: July 15, 2004
Posts: 50
Status: Offline
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 Posted:
Sep 21, 2005 - 01:10 PM |
 
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| Post subject: Tax free import of car into PRC under new RO license |
Greetings,
My Finance Manager, who is a Chinese, has told me that for his previous RO company in Tianjin, they had imported a car tax free from Europe into PRC, under the following conditions:
1. The car must be owned by the RO at least five years
2. The RO must be newly set-up
3. The car can not be sold, rented or leased out within those five years
4. The car most only be used by the Chief Rep or RO staff
If any of the above conditions not met, the Tax Authorities will charge the applicable tax.
I heard this also from someone else, but I am not sure if this is allowed on a national basis.
I'd reckon that most Tax Author. here in China tell you it cannot be done, so just to chash in on every import [esp. automobile].
I'd appreciate any and all input on this.
Shanghaiearl
PS: if it is correct, then is anyone interested in buying a used Passat??? |
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YariGuy
LoopKicker
Joined: July 13, 2004
Posts: 877
Location: Puxi
Status: Offline
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| Posted:
Sep 21, 2005 - 01:25 PM |
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Shanghaiearl
Seeker
Joined: July 15, 2004
Posts: 50
Status: Offline
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| Posted:
Sep 21, 2005 - 01:35 PM |
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RO = Representative Office |
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Shanghaiearl
Seeker
Joined: July 15, 2004
Posts: 50
Status: Offline
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| Posted:
Sep 25, 2005 - 08:06 PM |
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DSU,
Thank you for the clarification.
Shanghaiearl |
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sinned69
Veejay
Joined: Sep 01, 2004
Posts: 1814
Location: China, Middle East, Asia Pacific
Status: Offline
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| Posted:
Oct 20, 2005 - 10:39 AM |
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ofcourse if you have the right connections (guanxi) 关系 then everything is possible and do-able  |
_________________
qing nin shao deng |
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