Feasibility of FDI.pptVIP

Feasibility of FDI in South Africa Members: 赵辉豆、万露、肖笛、肖喆敏、聂茜、余平凡、孙朦朦、徐倩、曾子玲 Outline Politics Currency Taxes General Conditions Politics Political climate Compared with other African countries, South Africa does relatively well in Rule of Law, Transparency Corruption and Participation Human Rights, but it has poor performance in Safety Security. Since 2004, the country has had many thousands of popular protests, some violent. Diplomatic relations Since China and South Africa forged diplomatic ties on Jan.1, 1998, the two countries have been steadily promoting the bilateral cooperation and exchanges. In 2000, China and South Africa founded a bi-national commission. In 2004, the two countries established a strategic partnership featuring equality, mutual benefit and common development. In recent years, frequent high-level exchanges have deepened their strategic partnership. Currency Stability of exchange rate ? Degree of freedom to convert Exchange control is exercised only over residents and emigrants in respect of capital movements. In order to ensure that capital transfers are not disguised as current payments, limits are placed on some transfers of a current nature. Taxes Rates and types of relevant taxes Income Tax（所得税） Non-residents are taxed on their income from a South African source. Companies are taxed at a rate of 28%. In addition to this, secondary tax is levied on companies at a rate of 10% on all income distributed by way of dividends. Value Added Tax（增值税） Value Added Tax is levied at a standard rate of 14% on the supply of all goods and services rendered by registered vendors throughout the business cycle. VAT is also levied on the importation of goods and services into South Africa. Stamp duty (印花税) No stamp duty is liable on leases of fixed property. Other taxes Turnover Tax (营业税) ; Mineral and Petroleum Resource Royalty General Conditions (attitude and projects) In 2009, South Africa and China signed more t