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Beijing Scraps Land-use Tax Cuts for Foreign Investors
The Beijing city government has revised its policies that have until now allowed overseas investors to enjoy exemption or reduction on land-use tax.

The Chinese capital is getting in line with a national law requiring that local laws or regulations regarding foreign trade and economic cooperation abide by national laws and regulations, the city government said Sunday.

Beginning this year, the city's local taxation bureau will collect fees on land-use rights from foreign companies by October 20 every year.

Through an improved investment environment, foreign companies will be able to get greater returns from their investments in Beijing, said a local official.

(Xinhua News Agency September 3, 2002)

High Earners Face Taxing Question
More Efforts Devoted to Curb Tax Evasion
Taxation System to Get Tough
Government Expands Access to Land-use Rights Through Bidding
New Regulation for Public Bidding on Land Use Issued
Shaanxi to Grant Multinationals Free Land Use Right
National Land Information System to Be Set Up
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