Tax

China's automotive industry is seen as one of the big growth areas in the post-WTO era. We're pleased this month to have a comprehensive survey of the main issues in the trade agreements regulating foreign investment and the current state of investment in China's car industry.

Issued: November 5 2002Main contents: The Circular confirms that business tax shall no longer be levied on China Telecom's deferred income on which business…

Collection of individual income tax from law firms in the PRC.

Promulgated: September 9 2002Effective: October 1 2002Applicability: These Measures apply to all financial institutions in the PRC except for financial…

Assessment of the alcoholic beverage tax.

Registration, certification and taxation measures relating to the setting up of R&D organizations in Beijing.

Rules as to the calculation of tax for services provided by foreign investors in China.

China's continuing efforts to create a sound tax collection system include strengthening the tax authorities and adding provisions favourable to taxpayers.

China's continuing efforts to create a sound tax collection system include strengthening the tax authorities and adding provisions favourable to taxpayers.