Daning International Commercial Plaza
Geographical Location
The building is located in the middle part of Zhabei District, and the central business district of Shanghai is only eight to ten minutes’ drive away.
Address: 1868-2008, Gonghe New Road.
The plaza covers an area of 55,000㎡ and the gross floor area is about 250,000 ㎡, of which about 50,000㎡ is to be used as underground parking lot. The building is expected to be completed in early 2006, and to be put into use in mid 2006. Altogether, there are in the plaza 15 buildings with various numbers of stories ranging from 3 to 19, 11 squares of different sizes, 2-kilometer long commercial pedestrian street and a parking lot which can accommodate 1,500 cars. In the whole commercial plaza, there will be hotels/apartment-styled hotels, office buildings, SOHO-styled buildings for commercial and residential use, department buildings, restaurants, and entertainment places. Now it is in the stage of business promotion.
Daning Lingshi Conference Center
Geographical Location
Daning Lingshi Conference Center is located in the largest ecological scenic garden of the west part of Shanghai, which is reputed by Shanghai citizens as “one of the ten most glamorous scenic spots”.
Address: 288,Guangzhong West Road,Shanghai
Basic Facts
It is near the hill and by the river, commanding an appealing view. The gross floor area is 1,000 ㎡. Simple in appearance and complete in equipment, the center has three conference rooms of varied sizes which can accommodate 12 to 150 people and lounges are also available.
2. Value Added Tax, Consumption Tax and Business Tax (1) Value Added Tax Enterprises or individuals who sell commodities, engage in repair and maintenance or import and export business in the territory of China are subject to value added tax in line with Chinese laws. The standard rate for value added tax is 17%, but the rate for a few commodities such as grain, cooking oil, running water, forage, fertilizer, pesticide, and farming machinery is 13%. (2) Consumption Tax Product, processing and importation of the following 11 commodities in the territory of China are subject to consumption tax: tobacco, alcoholic drinks or alcohol, cosmetics, skin and hair care products, jewellery, fireworks, gasoline, diesel, automobile tyre, motorcycle and motorcar. Consumption tax is calculated in two ways. One way is to calculate according to quantity (gasoline is RMB 0.20 per liter). The other is to set tax rate according to the price of commodities (the rate for motorcar with its engine cylinder capacity under 2,200ml is 8%). (3) Business Tax Enterprises or individuals whose businesses are in the sectors of transportation, post and telecommunication, finance and insurance, construction, art, sports, entertainment, and services, or who transfer incorporeal properties, sell immovables in the territory of China are subject to business tax. Business tax rate is 3% or 5%. But the tax rate for entertainment sector is 10% or 15%.
3. Stamp Tax Activities involving purchases and sales, processing, contracting, leasing, transportation, storage, loan lending, property insurance, technology contract and property transfer vouchers, business account books and licenses are subject to stamp tax. The minimum rate of a stamp tax is 0.005% and the maximum is 0.1%. For licenses and business account books (not including the account books for stating funds), stamps shall be sticked on to each pieces. The price is RMB 5 a piece.
4. City Real Estate Tax The tax is levied at an annual rate of 1.2% on the original value of the real estate, after 20% is deducted therefrom. The tax rate is 12% if it is levied on the rental income. The newly constructed houses, which are built by the relevant foreign-invested enterprises themselves or purchased by the relevant foreign-invested enterprises in Pudong New Area and Economic and Technological Development Zones, shall be exempt from real estate tax for 5 years as of the month of completion of construction or purchase.
5. Vehicle and Vessel Licence Tax All the vehicles owned and used by foreign invested enterprises are subject to this tax according to “The Interim Regulations on the Vehicles and Vessels Operation Licence Tax”. The tax rates are as follows:
Category |
Type |
Unit |
Annual Tax yable |
Motor Vehicles |
Passenger Cars |
Vehicle |
RMB320 |
Trucks |
Ton |
RMB60 |
Motorcycle |
2 wheels |
Vehicle |
RMB60 |
3 wheels |
Vehicle |
RMB80 |
Light-Duty Motorcycle |
Vehicle |
RMB20 |
Temporary License |
Ten days constitute a session. For each session at 3% of the tax of the said vehicle. If it is used for less than 10 days, it is regarded as 10 days. |
6. Individual Income Tax (1) The individual income, such as wages and salaries of foreigners working in China shall be taxed at the following progressive rates: (2) Individual income tax shall also be levied on those who have income derived from working in any of the following service businesses in the territory of China: design, decoration, installation, drafting, chemical analysis, testing, medicine, law, accounting, consulting, giving lecture, press, radio broadcasting, translation, examination and checking of manuscript, writing, painting, sculpture carving, movie and television, audio recording, video recording, performance, display, advertising, exhibition, technical service, introduction service, brokerage service, agency service, and others. The income taxable each time is the remaining sum of the income after RMB 800 is deducted if the said income is under RMB 4,000. If the said income is over RMB 4,000, 20% of the income shall be deducted and the remaining sum is the amount taxable. The tax rate is 20%. If an individual’s income taxable is over RMB 20,000 but under RMB 50,000, the tax rate to the part which exceeds RMB 20,000 shall be increased by 50% from its original rate. The tax rate to the part which exceeds RMB 50,000 shall be increased by 100% from its original tax rate.
Grade |
Monthly Income Taxable(RMB) |
Tax Rates(%) |
1 |
The section less than 500 |
5 |
2 |
The section from 500 plus to 2,000 |
10 |
3 |
The section from 2,000 plus to 5,000 |
15 |
4 |
The section from 5,000 plus to 20,000 |
20 |
5 |
The section from 20,000 plus to 40,000 |
25 |
6 |
The section from 40,000 plus to 60,000 |
30 |
7 |
The section from 60,000 plus to 80,000 |
35 |
8 |
The section from 80,000 plus to 100,000 |
40 |
9 |
The section exceeding 100,000 |
45 | |