Recently, small and micro China enterprises saw preferential tax relief under the promulgation of the Notice on Implementing the Policy of Inclusive Tax Relief for Small Profit Enterprises Circular, Caishui No. 13 [2019] (Circular 13). What’s more, provisions in Circular 13 further exempt small-scale taxpayers from value-added taxes, provided their monthly sales fall below RMB…
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The Standing Committee of the National People’s Congress released the second Foreign Investment Law of the People’s Republic of China Draft for Public Comment (The Draft Law) on 26 December 2018. The Draft Law remains open for comment from 26 December till 24 February, and could be submitted to the annual National People’ s Congress…
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On 25 December 2018, China’s National Development and Reform Committee (NDRC) released its Negative List for Market Access (2018 Version). The Negative List is a list of industries in which foreign investment is either prohibited or restricted. The list’s objective is to ease market access for foreign investment by relaxing or removing restrictions; it applies…
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