Thresholds for levy of value-added tax raised.
Tax policy continued to encourage R&D institutions.
Thresholds for levy of business tax raised.
Employers hiring disabled persons may enjoy multiple VAT tax refunds.
Transport and logistics sectors benefit from the new VAT reform.
Ad valorem method used for calculation of resource tax for crude oil and natural gas.
The revised Regulations use ad valorem method for calculation of resource tax for crude oil and natural gas.
The revised Rules raise the thresholds for the levy of value-added tax.
Tax policy continued to encourage foreign-invested R&D institutions.
The revised Rules raise the thresholds for the levy of business tax.
