Legislation roundup: VAT, insurance investment and customs

September 01, 2016 | BY

Katherine Jo &clp articles

The SAT has clarified VAT will not be levied on purely offshore activities, the CIRC has proposed curbs on risky investments by insurance companies and MOFCOM has abolished its approval requirements for processing trade

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Taxation

State Administration of Taxation, Announcement on Several Levy Administration Issues Relating to the Pilot VAT Project

The Announcement lists the acts conducted by a foreign entity or individual that