“Sale” and “for consideration” defined for consumption tax purposes.
The party responsible for reporting a concentration of business operators clarified.
Guidelines for recovering losses from fleeing foreign investors.
Priority given to registration of novel pharmaceuticals.
Definition of services provided in the PRC that are subject to business tax clarified.
Anti-monopoly review process illustrated.
Levy of VAT clarified for mixed sales.
The Guidelines list the application materials required for reporting of concentrations of business operators and set forth the permission procedure thereof.
The Implementing Rules clarify the levy of VAT for mixed sales and the definition of "small taxpayer".