Beijing Gehua CATV Networks (600037.SH) announced today that the company had received a notification from the Beijing Bureau of Finance and the municipal tax authorities that in order to support digital cable testing and conversion projects, the authorities will exempt Gehua from business taxes on the RMB 18 per user per month it receives for basic DTV services from July 1, 2008 to June 30, 2011. Preliminary calculations show that in 2008, as a result of the exemption, Gehua will record approximately RMB 5 mln in additional profits.
source:marbridgeconsulting
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