In the news: TMT gets VAT, Company law affects accountants, bond defaults begin and ZTE wins patent case

March 06, 2014 | BY

clpstaff &clp articles

This week the NPC announced VAT for telecom services, CPA firms shifted their services, China faced its first domestic bond default and an infringement case left ZTE unscathed

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Telecom services subject to VAT


China will impose a value-added tax on telecommunications services, which may cut profits for the country's three major wireless carriers. The NPC announced at its