The Archive · 1926

Taxation In" Chekiang Province

Tow the Provincial Revenue is Made up from Local Licence Fees and Shop Taxes:

Everybody Has to Pay and Everythi ing Paid For The following article on taxation Chekiang Province is extracted fromthe "Chinese Eecnomie Bul-

Bureau and by the Pri Bureau of Finance respectively. While the division of classes and 'Title-deed Tax—The rates fille-deed tax fixed by the Board of Revenue during the last days of the Manchu, Dynasty were 9 per cent, of the nominal price' mentioncil in the deeds in ease of the land-' lord securing the property by pur-blase and 6 per cent, in case of mortgage. These rates have not een modified since the formation of the Republic, In Chekiang province, however, the Provincial As-rerubly, in 1912, adopted a new name known as "transfer ta: instead, of title-deed tax and fixed the rates at 2 per cent, in case of purchase, 1.5 per cent. in case of a Jong term mortgage and 1 per cent, in ease of a short term Idan grades remained" the same, the states were raised to $800 for the first grade, $500 for the second grade and $250 for third grade of [the first class and $400 for the Hirst grade, $200 for the second grade and $120 for the third grade fof the second class, of long-term Hicences. Yearly and quarterly licences were taxed in proportion. The} antes of shop tax were raised at the same time, being $40, $30 and $15 4 year on shops of the first, second (third grades respectively of the first class ard $20, $10 and $5 a year on chops of the first, second and third grades respectively of the second class.

Text read from the printed page and cleaned; old type leaves the occasional error.

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