Group items tagged

Filter: All | Bookmarks | Topics Simple Middle

shared by Juha Lassila on 23 Dec 10 - No Cached

shared by Juha Lassila on 21 Dec 10 - No Cached

foreign-invested medical institutions ("FIMIs")
...

Cancel
Foreign investors may choose to establish a for-profit or not-for-profit medical institution.
...

Cancel
For-profit FIMIs will have autonomy in determining the pricing of their services. They will need to pay enterprise income tax on net profits, but not business tax (a turnover tax on, amongst others, certain services and generally applicable to business enterprises in China charged at various rates on gross sales depending on the nature of the underlying service).
...

Cancel
...4 more annotations...
for-profit medical institutions would be able to benefit from an exemption on property tax and urban land use tax on its property and land for self-use, and land-based vehicle and watergoing vessel use taxes on its land-based vehicles and watergoing vessels for self-use for a period of three years. Further tax breaks, including a three-year exemption for valued added tax on medical preparations that are made and used by the for-profit FIMI, may also apply[3].
...

Cancel
From a government procurement perspective, all levels of PRC governmental authorities are now encouraged to purchase public heath services from private medical institutions.
...

Cancel
 Qualification requirements for setting up an FIMI
...

Cancel
The total investment amount must no less than RMB 20 million (roughly US$ 3 million or EUR 2.27 million);
...

Cancel

1 - 2 of 2

Showing 20▼ items per page