Monthly Archives: August 2015

China Joint Venture(JV)

Foreign-invested joint venture (JV) is the enterprise that foreign companies, enterprise and other economic organizations or individuals (hereinafter referred to as “foreign investors”) to establish equity joint venture together with Chinese companies, enterprise and other economic organizations (hereinafter referred to as “Chinese partners”) within the territory of the People's Republic of China, on the principle...
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China Import And Export

source: chinatravel.com China is a huge exporter, with almost 40% of its Gross Domestic Product coming from this billion-dollar industry. With the country’s numerous residents, it’s also one of top importers in the world, raking in as much as 150 billion dollars a year. The country’s booming economy is spectacular, and with an uprising trend in...
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Tax Law: Provisions on Some Issues Concerning Resource Tax

I. Assessable source tax volume for products self-produced for own use: in case it is not possible to provide the accurate volume transferred for the taxable products self-produced for own use by the resource tax payers and the taxable volume is calculated with conversion ratio, the following provisions shall be applied specifically: (I)For coal, when it...
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Declaration of Export Tax Refunds Allowed to be Postponed

To deepen the Spring Breeze Campaign for More Convenient Taxation Services, the State Administration of Taxation (SAT) recently released a circular, specifying that exporters or other companies who fail to collect all the documents to apply for export tax refunds (exemption) on time due to 7 special reasons can apply for an extension of the...
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