Definition of services provided in the PRC that are subject to business tax clarified.
February 09, 2009
Full Text Translation
The Implementing Rules clarify the levy of VAT for mixed sales and the definition of "small taxpayer".
February 09, 2009According to the Opinion, concentrations of business operators that are conducted by way of a merger shall be reported by all of the business operators that are parties to the merger.
February 09, 2009The Opinion requires an account of the effect of a concentration of business operators on competition in the relevant market when reporting a concentration of business operators.
February 09, 2009“Sale” and “for consideration” defined for consumption tax purposes.
February 09, 2009The revised Law now requires any work unit or individual wishing to apply for a patent in a foreign country for an invention or utility model completed in China to first submit such invention or utility model to the State Council's patent administrative department for a confidentiality review.
February 09, 2009VAT system changed from production-based to consumption-based.
December 18, 2008According to the revised Regulations, the amount of consumption tax payable may be calculated ad valorem, at a flat rate or by a combination of the two.
December 18, 2008Calculation of business turnover for business tax purposes revised.
December 18, 2008Conversion of unlisted foreign investment shares into tradable B-shares streamlined.
December 18, 2008