According 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.
China once welcomed foreign exchange inflows; now, hot money is threatening its developing economy. To control the flow of trade funds, the regulator has set requirements for compliance with rules on advance payments and deferred receipt of payments. The new rules could lead to tax losses and fines for exporters. By David Wang, Chris Yang and Chris Chen, Broad & Bright Shanghai Office.
A sweeping VAT reform takes place in China on January 1 2009. It will benefit many domestic companies but could block the cash-flow of some foreign invested enterprises, removing advantages enjoyed under the old tax regime. By Joanna Law.
Vsevolod Markov and Nataliya Shapovalova McGuire Woodsvmarkov@mcguirewoods.com, nshapovalova@mcguirewoods.comIn Kazakhstan, all taxes and main fees and…
Zhaokang JiangSandler, Travis & Rosenbergzjiang@strtrade.comFor the corporate world, a different customs value report by the importer of record results…
Volodymyr ShkredArzinger & Partnersvolodymyr.shkred@arzinger.uaUkraine is an open economy with a free market, which has a competitive business climate…