BEIJING, June 1, according to Japanese media reports, the 1st of this month in Japan the last day of the current parliamentary session, Japanese Prime Minister Shinzo Abe ready to hold press conference in the evening local time, announced the postponement of time raise the consumption tax rate again . Japanese media said the Japanese [...]
· Golden State: the other side rejected Yang Yuan, vice president of portable Benko company representative, on behalf of the Hong Kong Chinese Benko company, Golden State and the United States signed the purchase contract. Receive a message: “Due to recent changes in the domestic offshore renminbi exchange rate is large, the price before the [...]
In the wake of the Panama papers revelations, the distinction between tax planning, tax avoidance, aggressive tax avoidance and tax evasion seems to have been lost between the lines. The basic difference is that avoidance is legal and evasion is not. But it’s not quite as simple as that. There are many legitimate ways in [...]
Which city is the richest one in China? Here is a ranking based on cities, big or small, in mainland China (excluding Hong Kong, Macau and Taiwan). GDP per capita figures are in USD for 2013. According to this ranking, first tier cities like Beijing, Shanghai and Guangzhou are not even among the top 10 [...]
Although the days of 30% annual growth might be a thing of the past, China still boasts many cities experiencing rapid growth. These are cities that few outsiders will have heard of – such as Guiyang, Xiangyang and Hengyang – but in 2016 their economies are forecast to grow by as much as 12%. For [...]
The second annual Consumer Electronics Show Asia will be held at the Shanghai NewInternational Expo Center Wednesday to Friday. Serving as the vane of the technologyindustry, CES Asia showcases the breadth and depth of innovation in the field of Asianconsumer electronics. More than 350 companies, including key global brands such as BMW, Mercedes-Benz, Intel,IBM, Huawei [...]
CHINA has replaced all business tax with value-added tax after yesterday extending the policy to cover the construction, real estate, finance and consumer services sectors. They were the last four sectors still taxed based on their revenue. VAT is a tax levied on the difference between a commodity’s price before taxes and its production cost. [...]
The replacement of business tax with value-added tax (营改增) is considered the most significant transformation in China's turnover tax system since the 1994 tax reform. This change aims to maintain the fiscal balance in both central and local governments. The executive meeting of the State Council, chaired by Premier Wen Jiabao on July 25 of [...]
On April 24, Guangzhou Intermediate People’s Court made a judgment in the trademark dispute case against the American sporting brand New Balance. According to the court’s judgment, the Chinese affiliate of the US company New Balance, New Balance Trading (China) Co., Ltd. has violated the trademark rights of others by using a trademark already registered [...]
Overseas shopping is now one of the main sources of entertainment, as well as a big task for Chinese travelers. The tax return generated by such shopping carnival is huge. However, getting the tax return from the Custom means going through excruciating paperwork, which could be really time-consuming. Besides, it is inconvenient for customers to [...]
