Telcos to pay 10% in tax

13 Dec 2007

Tobacco, oil, power, telecoms and other must pay 10% of their profits into state coffers, the Ministry of Finance has stipulated. The MoF this week promulgated a new ruling on profits from central government enterprises, Beijing Business Today has reported.

According to the regulations, the tax payable by central enterprises will vary according to the sector. Tobacco, oil, power, telecoms and coal enterprises will all pay 10%. Iron and steel, transport, electronics, trade and construction pay 5%, the MoF said.

Related content

Follow Telecom Asia Sport!
No Comments Yet! Be the first to share what you think!
This website uses cookies
This provides customers with a personalized experience and increases the efficiency of visiting the site, allowing us to provide the most efficient service. By using the website and accepting the terms of the policy, you consent to the use of cookies in accordance with the terms of this policy.