Corporate Income Tax cut to 20 per cent as of 1 July this year for smaller businesses, with a cut to 23 per cent following in January 2014 for larger companies. Cuts welcomed, despite budgetary concerns and failure to match lower rates elsewhere.
EU duties imposed on solar panels with tensions still high over telecoms; but possible negotiations for an EU-mainland China investment accord
On 5 June 2013, the EU’s Official Journal published Commission Regulation 513/2013 imposing a provisional anti-dumping duty on solar panels and key components (i.e. cells and wafers) originating in or consigned from the Chinese mainland.
The Electronics Fair 2013 (Spring Edition) saw attendees optimistic about the coming year, as industry players are largely optimistic about developments across the majority of the world’s markets. This upbeat outlook is partly due to the robust sales of smartphones and tablets, with a fall in the retail prices of both expected to boost demand. The star performer, though, is likely to be audio-visual equipment.